salvage value

Definitions of "salvage value"
  1. The worth of a property that has been damaged or impaired in some way
  2. The actual or projected worth collected from the sale of an asset after it has reached the end of its useful duration
How to use "salvage value" in a sentence
  1. The insurance company determined the salvage value of the wrecked car to be $2000.
  2. The company considers the salvage value of their machinery when calculating depreciation.
  3. In real estate, a property's salvage value often refers to the value of its components if they were sold individually.

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