Salvage

Definition of Salvage

Sal´vage
n.1.The act of saving a vessel, goods, or life, from perils of the sea.
Salvage of life from a British ship, or a foreign ship in British waters, ranks before salvage of goods.
- Encyc. Brit.
2.(Maritime Law) The compensation allowed to persons who voluntarily assist in saving a ship or her cargo from peril.
a. & n.1.Savage.

Related Words

abatement, admission, admission fee, agio, allowance, amends, anchorage, atonement, bank discount, blood money, breakage, brokerage, carfare, cash discount, cellarage, chain discount, charge, charge-off, charges, compensation, concession, conservancy, conservation, conservationism, consideration, cover charge, cut, damages, deduction, deliver, deliverance, delivery, demand, depreciation, discount, dockage, drawback, dues, entrance fee, environmental conservation, exaction, exactment, extract, extricate, extrication, fare, fee, forest conservation, forest management, free, freeing, guerdon, hire, honorarium, indemnification, indemnity, keeping, kickback, liberate, liberation, license fee, lifesaving, maintenance, meed, penalty, penalty clause, percentage, pilotage, portage, premium, preserval, preservation, price, price reduction, price-cut, protection, quittance, ransom, rebate, rebatement, recapture, reclaim, reclaiming, reclamation, recompense, recoup, recoupment, recover, recovery, recuperation, recycle, redeem, redemption, redress, reduction, refund, regain, regainment, release, remuneration, reoccupation, reparation, replevin, replevy, repossession, requital, requitement, restitution, restoration, resumption, retake, retaking, retribution, retrieval, return, revindication, revival, reward, rollback, safekeeping, salvation, salve, satisfaction, save, saving, scot, scot and lot, set free, setoff, shot, smart money, soil conservation, solatium, storage, stream conservation, support, tare, time discount, toll, towage, trade discount, tret, trover, underselling, upkeep, water conservation, wergild, wetlands conservation, wharfage, wildlife conservation, win back, write-off
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