Definition of salvage loss
: 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
Start your free trial today and get unlimited access to America's largest dictionary, with:
- More than 250,000 words that aren't in our free dictionary
- Expanded definitions, etymologies, and usage notes
- Advanced search features
- Ad free!
Seen and Heard
What made you want to look up salvage loss? Please tell us where you read or heard it (including the quote, if possible).