salvage

/ˈsælvɪdʒ/ verb [T]

Definition

› 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)