The meaning of SALVAGE is compensation paid for saving a ship or its cargo from the perils of the sea or for the lives and property rescued in a wreck. How to use salvage in a sentence.

SALVAGE definition: 1. to save goods from damage or destruction, especially from a ship that has sunk or been damaged….

salvage verb [T] (FROM SITUATION) to try to make a bad situation better: an attempt to salvage her reputation

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Aug 22, 2025 · Discover what salvage value means, how it's calculated, and see examples of its role in depreciation schedules to better manage your financial assets.

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Salvage definition: the act of saving a ship or its cargo from perils of the seas.. See examples of SALVAGE used in a sentence.

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salvage 1. the recovery of a ship or its contents or cargo after damage or sinking. 2. the material recovered and the compensation to those who recover it. 3. the rescue and use of any found …

5 days ago · salvage (countable and uncountable, plural salvages) The rescue of a ship, its crew and passengers or its cargo from a hazardous situation. The ship, crew or cargo so rescued. …