salvage loss
1salvage loss — A marine insurance term signifying a total loss of the property insured diminished by salvage, which takes place in relation to goods when there is either an absolute or a constructive total loss of the subject insured but some remains of the… …
2salvage loss — noun : the difference between the amount of the proceeds of what is saved after salvage charges have been deducted and the total value of the property loss …
3salvage — sal·vage / sal vij/ n 1 a: compensation paid for saving a ship or its cargo from the perils of the sea or for recovering it from an actual loss (as in a shipwreck) b: the act of saving or rescuing a ship or its cargo c: the act of saving or… …
4loss — is a generic and relative term. It signifies the act of losing or the thing lost; it is not a word of limited, hard and fast meaning and has been held synonymous with, or equivalent to, damage , damages , deprivation , detriment , injury , and… …
5loss — is a generic and relative term. It signifies the act of losing or the thing lost; it is not a word of limited, hard and fast meaning and has been held synonymous with, or equivalent to, damage , damages , deprivation , detriment , injury , and… …
6loss — n 1: physical, emotional, or esp. economic harm or damage sustained: as a: decrease in value, capital, or amount compare gain b: an amount by which the cost of something (as goods or services) exceeds the selling price compare …
7salvage — In general, that portion of goods or property which has been saved or remains after a casualty such as fire or other loss. In business, any property which is no longer useful (e.g. obsolete equipment) but which has scrap value. In insurance, that …
8Loss of chance in English law — refers to a particular problem of causation, which arises in tort and contract. The law is invited to assess hypothetical outcomes, either affecting the claimant or a third party, where the defendant s breach of contract or of the duty of care… …
9salvage — ► VERB 1) rescue (a ship or its cargo) from loss at sea. 2) retrieve or preserve from loss or destruction. ► NOUN 1) the action of salvaging. 2) cargo salvaged. 3) Law payment made or due to a person who has salvaged a ship or its cargo …
10Salvage title — A salvage title is an automobile title with a notation that the vehicle has been damaged in excess of approximately 70% of its previous market value. This notation gets applied to a title when an insurance company pays a total loss claim on a… …
