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English definition of “salvage”

salvage

verb [T]     /ˈsælvɪdʒ/
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
(Definition of salvage verb from the Cambridge Business English Dictionary © Cambridge University Press)
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