salvage valuenoun [ C or U ]
ukusalso scrap valueACCOUNTING the value of an asset or property at the end of the period it was intended to last for:
If the salvage value turns out higher than the depreciated value of the machinery, you will have to pay tax on the difference.
INSURANCE the value of goods that are saved from being damaged or destroyed:
Store damaged furniture may have a salvage value.