The meaning of SALVAGE VALUE is the value of damaged property.
Definition:Salvage value also called residual or scrap value is the estimated worth of an asset at the end of its useful life. In other words, salvage value is the price management believes it can sell an asset for after the asset is deemed unusable because of time, abuse, andobsolescence....
salvage 1. Property that has some value in excess of its basic material content but is in such condition that it has no reasonable prospect of use for any purpose as a unit and its repair or rehabilitation for use as a unit is clearly impractical.2. The saving or rescuing of condemned,...
salvage 1. Property that has some value in excess of its basic material content but is in such condition that it has no reasonable prospect of use for any purpose as a unit and its repair or rehabilitation for use as a unit is clearly impractical.2. The saving or rescuing of condemned,...
The definition of the financial term salvage value. Find more finance definitions inside the PFhub glossary your Personal Finance Hub.
Salvage value is the estimated amount that an asset is worth at the end of its useful life. Salvage value is also known as scrap value
The portion of goods or property that has been saved or remains after some type of casualty, such as a fire. The termsalvageis defined more specifically depending on the industry referring to it. In business, salvage is any property that is no longer useful but has scrap value. An example...
salvage value inFinance topic From Longman Business Dictionaryˈsalvage ˌvaluenoun[uncountable]thevalueofequipment,machineryetc owned by a company if it issoldat the end of itsusefullifeThe expected salvage value of the truck at the end of five years is $2,000....
Definition:The residual value, sometimes called salvage value, is an estimate of the monetary value that an asset will have after its useful life has ended. In other words, it’s the final price an asset is worth after it is completely used up. ...
the value or proceeds upon sale of goods recovered from a shipwreck, fire, etc. the act of saving something of use or value from destruction, damage, ruin, loss, or waste: The salvage of carcass parts for pharmaceutical or research use is permitted if it does not interfere with sanitary ...