Salvage is the act of salvaging things from somewhere such as a damaged ship or building. It means to save something valuable from damage, destruction, or loss. It refers to an allowance or reward paid to the persons who save vessels, goods, or merchandise from the dangers of the sea. It is the compensation paid for saving a ship or its cargo from the perils of the sea or for the lives and property rescued in a wreck
If something is salvaged, someone manages to save it, for example, from a ship that has sunk, or from a building that has been damaged. The salvage from somewhere such as a damaged ship or building is the thing that is saved from it. This term is to save goods from damage or destruction, especially from a ship that has sunk or been damaged or a building that has been damaged by fire or a flood. Salvage charges mean the charge recoverable under maritime law by a salver separately of contract. They do not include the payment of services in the natural world of salvage render by the guaranteed or his agents, or any person employed for hire by them, for the reason of averting a peril insured against. Such expenses were properly incurred, may be improved as exacting charges or as a general average loss, according to the situation under which they were incurred.
If you manage to salvage a difficult situation, you manage to get something useful from it so that it is not a complete failure. If you are looking to start a business that isn’t too common, you may want to look at the salvage business. The salvage business as a whole involves having to restore damaged furniture or item and then offer it up for sale later.