Salvage
Legal definition for Indian law research
Definition
salvage
1 a : compensation paid for saving a ship or its cargo from the perils of the sea or for recovering it from an actual loss (as in a shipwreck)
b : the act of saving or rescuing a ship or its cargo
c : the act of saving or rescuing property in danger (as from fire)
2 a : property saved from destruction (as in a wreck or fire)
b : damaged property acquired by an insurer after payment for the loss compare abandonment
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.