1. Accounting term; after the useful life of an object has ended, it is the remaining residual value left in the object. It is the remaining value of an asset after all depreciation has been taken against the asset. 2. The remaining value left after goods, a product, a vehicle, a building or other object have been destroyed. … [Read more...] about SALVAGE VALUE
SALVAGE VALUE
SALVAGE LOSS
By salvage loss is understood the difference between the amount of salvage, after deducting the charges, and the original value of the property. … [Read more...] about SALVAGE LOSS
SALVAGE CHARGES
The expenses incurred to remunerate services rendered to a ship and cargo, which have prevented its being a total loss. … [Read more...] about SALVAGE CHARGES
SALVAGE
In maritime law. A compensation allowed to persons by whose assistance a ship or its cargo has been saved, in whole or In part from impending danger, or recovered from actual loss, in cases of shipwreck, derelict, or recapture. In the older books of the law, (and sometimes in modern writings,) the term ia also used to denote the goods or property saved. Equitable salvage. By … [Read more...] about SALVAGE
SALVA GARDIA
L. Latin: Safeguard. Reg. Orig. 26. … [Read more...] about SALVA GARDIA