salvage

noun

The rescue of a ship or its cargo from fire or shipwreck.

noun

The ship or cargo saved in such a rescue.

noun

Award given to those who aid in such a rescue when under no obligation to do so, especially in the form of a portion of the cargo.

noun

The recovery of a sunken ship or its cargo by divers or submersibles.

noun

The act of saving imperiled property from loss.

noun

The property so saved.

noun

Something saved from destruction or waste and put to further use.

transitive verb

To save from loss or destruction.