salvage
Definition 1
Recovering or saving abandoned, condemned, damaged, deteriorated, discarded, incomplete, obsoleted, or worn property for recycling, refabrication, restoration, reuse, or scrapping.
Definition 2
Property that has value in excess of its value as a scrap, but is no longer useful for its intended or original purpose.
salvage is in the Accounting & Auditing and General, Marine, & Life Insurance subjects.
salvage appears in the definitions of the following terms: ultimate net loss, sunk cost, abandonment value and abandonment
salvage appears in these other terms: salvage material, salvage value, salvage charges, salvage property
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