1. [n]  the act of rescuing a ship or its crew or its cargo from a shipwreck or a fire
2. [n]  the act of saving goods or property that were in danger of damage or destruction
3. [n]  property or goods saved from damage or destruction
4. [v]  collect discarded or refused material; "She scavenged the garbage cans for food"
5. [v]  save from ruin or destruction

Salvage
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1. \Sal"vage\ (?; 48), n. [F. salvage, OF. salver to save,
   F. sauver, fr. L. salvare. See {Save}.]
   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. (Maritime Law)
      (a) The compensation allowed to persons who voluntarily
          assist in saving a ship or her cargo from peril.
      (b) That part of the property that survives the peril and
          is saved. --Kent. Abbot.
   

2. \Sal"vage\, a. & n.
   Savage. [Obs.] --Spenser.