Salvage
Term · Law · MLC-T-LAW-004384
The act of saving property from loss or damage, especially at sea, or the property itself that has been saved. In maritime law, a reward is often granted to those who successfully save a vessel or its cargo from peril. This reward, known as a salvage award, is determined by factors such as the value of the property saved and the degree of danger involved.
| Identifier | MLC-T-LAW-004384 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-004384",
"term": "Salvage",
"field": "Law",
"definition": "The act of saving property from loss or damage, especially at sea, or the property itself that has been saved. In maritime law, a reward is often granted to those who successfully save a vessel or its cargo from peril. This reward, known as a salvage award, is determined by factors such as the value of the property saved and the degree of danger involved.",
"url": "https://mlchart.com/terminology/law/salvage/"
}
Record 4,450 of 5,445 in Law terminology (MLC-0107). Request the full dataset.