Salvage

What is it? The recovery made by an insurance company by the sale of property which has been taken over from the insured as a part of loss settlement.

Added By: Katie

Send To Friends!

If you'd like to send the Salvage definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Salvage. If you need any more information on this term, please don't hesitate to contact us.