salvage
verb [ T ]
uk/ˈsælvɪdʒ/ us TRANSPORT, PROPERTY, INSURANCE
to save goods from being damaged or destroyed, especially from a ship that has sunk or been damaged, or a building that has been damaged by fire or a flood:
Workers are attempting to salvage timber in the aftermath of the hurricanes.
to succeed in achieving or saving something that is in a difficult situation:
salvage a deal The country still held out hope of salvaging its largest foreign investment deal.
salvage a business He is a corporate firefighter brought in to salvage a business that still has some valuable assets.
salvage share prices
salvage
noun [ U ]
uk/ˈsælvɪdʒ/ us TRANSPORT, PROPERTY, INSURANCE
the act of saving goods from being damaged or destroyed:
the salvage of sth The salvage of building materials from the site of the fire was continuing.
salvage efforts/operations
a salvage company
the salvage industry/market
COMMERCE (also salvage material)
waste material or material that has not been used that has value because it can be sold:
The pigs ate contaminated pet food sold to farms as salvage.
Many of the buildings have been erected out of salvage material.