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What does salvage mean?

Looking for the meaning or definition of the word salvage? Here's what it means.

Noun
  1. The rescue of a ship, its crew or its cargo from a hazardous situation.
  2. The ship, crew or cargo so rescued.
  3. The compensation paid to the rescuers.
  4. The similar rescue of property liable to loss; the property so rescued.
  5. Anything that has been put to good use that would otherwise have been wasted.
  6. Damaged.
Verb
  1. (transitive) Of property, people or situations at risk, to rescue.
  2. (transitive) Of discarded goods, to put to use.
  3. (transitive) To make new or restore for the use of being saved.
Noun
  1. Obsolete spelling of savage [16th-19th c.]
Noun
  1. (Philippine English) summary execution, extrajudicial killing
Verb
  1. (Philippine English) To perform summary execution.
  2. (Philippine English) To apprehend and execute (a suspected criminal) without trial.
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