salvage

Short definition from Wiktionary

Noun

1. 1
   The rescue of a ship, its crew and passengers or its cargo from a hazardous situation.
2. 2
   The ship, crew or cargo so rescued.
3. 3
   The compensation paid to the rescuers.
4. 4
   The money from the sale of rescued goods.
5. 5
   The similar rescue of property liable to loss; the property so rescued.
6. 6
   The process of acquiring, dismantling, and stocking the pieces of old property such as ships, houses, and vehicles, so that they can be sold on to be reused or recycled.
7. 7
   Anything put to good use that would otherwise have been wasted, such as damaged goods.
8. 8
   Obsolete spelling of savage.
9. 9
   Summary execution, extrajudicial killing.

Verb

1. 1
   To rescue.
2. 2
   To modify (a false proposition) to create a true proposition.
3. 3
   To put to use.
4. 4
   To make new or restore for the use of being saved.
5. 5
   To perform summary execution.
6. 6
   To apprehend and execute (a suspected criminal) without trial.

Proper noun

1. 1
   A town in Newfoundland, Newfoundland and Labrador, Canada.