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a. The rescue of a ship or its cargo from fire or shipwreck.
b. The ship or cargo saved in such a rescue.
c. Award given to those who aid in such a rescue when under no obligation to do so, especially in the form of a portion of the cargo.
d. The recovery of a sunken ship or its cargo by divers or submersibles.
a. The act of saving imperiled property from loss.
b. The property so saved.
3. Something saved from destruction or waste and put to further use.
tr.v. sal·vaged, sal·vag·ing, sal·vag·es
1. To save from loss or destruction.
2. To save (discarded or damaged material) for further use.
[Obsolete French, from Old French salvaige, right of salvage, from Late Latin salvāre, from Latin salvus, safe; see sol- in Indo-European roots.]