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   salvage

   /ˈsalvɪdʒ/

   verb

   • 1. rescue (a wrecked or disabled ship or its cargo) from loss at sea: "an emerald and gold cross was salvaged from the wreck" Similar rescuesaverecoverretrieveraisereclaimget backrestorereinstate
   • ▪ retrieve or preserve (something) from potential loss or adverse circumstances: "it was the only crumb of comfort he could salvage from the ordeal" Similar retainpreserveconserveregainwin backrecouprecaptureredeemsnatch
   • 2. apprehend and execute (a suspected criminal) without trial: Philippines "those who are salvaged simply disappear from their homes or workplaces"

   noun

   • 1. the rescue of a wrecked or disabled ship or its cargo from loss at sea: "a salvage operation was under way" Similar rescuesavingrecoveryraisingreclamationrestorationsalvation
   • ▪ the cargo saved from a wrecked or sunken ship: "salvage taken from a ship that had sunk in the river"
   • ▪ the rescue of property or material from potential loss or destruction: "surgery resulted in the salvage of damaged myocardium"
   • ▪ payment made or due to a person who has saved a ship or its cargo.

   Word Origin mid 17th century (as a noun denoting payment for saving a ship or its cargo): from French, from medieval Latin salvagium, from Latin salvare ‘to save’. The verb dates from the late 19th century.

   Derivatives

   • 1. salvageable adjective
   • 2. salvager noun

   Scrabble Points: 11

   • S

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   • A

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   • L

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   • V

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   • A

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   • G

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   • E

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2. People also ask

   What is a salvage value?

   • For example, if the machinery of a company has a life of 5 years and at the end of 5 years, its value is only $5000, then $5000 is the salvage value. Another name for this value is scrap value. And this is a mere estimate only. After ten years, no one knows what a piece of equipment or machinery would cost.

   Salvage Value (Meaning, Formula) | How to Calculate? - WallStreetMojo

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   What does salvage mean under Maritime Law?

   • Under maritime law, salvage is a traditional admiralty law doctrine in which mariners who voluntarily and successfully save another ship from peril are granted an award for their services. Award is stated as a percentage of the value of the ship as saved.

   Ship Salvage and General Average | HandyBulk

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   What is ship salvage?

   • Ship Salvage is defined as the presence of a marine peril that puts the maritime property at risk and the successful preservation or recovery of that property by the salvors. The principle of “No Cure, No Pay” is often applied in salvage, meaning that salvors are only compensated for their efforts if they successfully save the property in danger.

   Ship Salvage and General Average | HandyBulk

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   What does it mean to salvage a property?

   • Salvage represents a legal obligation that arises from the act of rescuing property, wherein the proprietor of said property, having derived benefit from its salvation, is expected to offer recompense to those who have bestowed a said benefit upon him. The right to salvage may, or may not, derive from a formal agreement.

   Ship Salvage and General Average | HandyBulk

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3. www.wallstreetmojo.com › salvage-value-scrapSalvage Value (Meaning, Formula) | How to Calculate?

   www.wallstreetmojo.com › salvage-value-scrap

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   Jun 25, 2024 · Salvage value or Scrap Value is the estimated value of an asset after its useful life is over and, therefore, cannot be used for its original purpose. For example, if the machinery of a company has a life of 5 years and at the end of 5 years, its value is only $5000, then $5000 is the salvage value. Another name for this value is scrap value.

   • Fair Value vs Market Value

     The WallStreetMojo team comprises over 40 highly skilled and...

4. www.britannica.com › science › recyclingRecycling | Definition, Processes, & Facts | Britannica

   www.britannica.com › science › recycling

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   Jul 6, 2024 · recycling, recovery and reprocessing of waste materials for use in new products. The basic phases in recycling are the collection of waste materials, their processing or manufacture into new products, and the purchase of those products, which may then themselves be recycled.

   • Author: The Editors of Encyclopaedia Britannica

5. Videos

   • investopedia.com

     Salvage Value Meaning and Example

     31 Dec 2008

   • vocabulary.com

     Salvage - Definition, Meaning & Synonyms

     18 May 2012

   • wallstreetmojo.com

     Salvage Value (Meaning, Formula) | How to Calculate?

     18 Apr 2018

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6. www.investopedia.com › terms › rResidual Value Explained, With Calculation and Examples

   www.investopedia.com › terms › r

   • Cached

   Jun 25, 2024 · The residual value, also known as salvage value, is the estimated value of a fixed asset at the end of its lease term or useful life. In lease situations, the lessor uses the residual value...

7. www.handybulk.com › ship-salvage-and-general-averageShip Salvage and General Average | HandyBulk

   www.handybulk.com › ship-salvage-and-general-average

   • Cached

   Jul 4, 2024 · Under maritime law, salvage is a traditional admiralty law doctrine in which mariners who voluntarily and successfully save another ship from peril are granted an award for their services. Award is stated as a percentage of the value of the ship as saved.

8. www.business-standard.com › economy › newsCBIC clarifies on taxability of salvage value in motor ...

   www.business-standard.com › economy › news

   • Cached

   Jun 27, 2024 · Salvage value refers to the value of damaged or destroyed property that can be recovered and sold after an insurance claim has been settled. This clarification came in response to requests from industry players seeking clarity on salvage value.

9. www.vocabulary.com › dictionary › salvagerSalvager - Definition, Meaning & Synonyms | Vocabulary.com

   www.vocabulary.com › dictionary › salvager

   4 days ago · noun. someone who salvages. synonyms: salvor. see more. Cite this entry. Style: MLA. "Salvager." Vocabulary.com Dictionary, Vocabulary.com, https://www.vocabulary.com/dictionary/salvager. Accessed 09 Jul. 2024. Copy citation. VocabTrainer™. 2 million people have mastered 404,143,391 new words. Master your first word today! Start Now.

10. swoopfunding.com › uk › business-glossarySalvage value: How is it calculated? | Swoop

    swoopfunding.com › uk › business-glossary

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    Jun 27, 2024 · Definition. Salvage value, also known as residual value or scrap value, is the estimated monetary worth of an asset at the end of its useful life. What is salvage value? Salvage value represents the amount that an asset is expected to be worth after it has been fully depreciated or used up.