01 n. The act of saving a vessel, goods, or life, from perils of the sea.
-
1.
The act of saving a vessel, goods, or life, from perils of the sea.“Salvage of life from a British ship, or a foreign ship in British waters, ranks before salvage of goods.” — Encyc. Brit.
-
2.
The compensation allowed to persons who voluntarily assist in saving a ship or her cargo from peril.(Maritime Law)