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Related Definitions
Salvage Salvage is the attempt to get repayment of some portion of a loan obligation which has already been written off the bank’s books.
Salvage Parts Salvage Parts refers to parts salvaged from a vehicle, often from one that was deemed a total loss. Quality concerns may exist with
Salvage title Salvage title is an automobile title with a notation that the vehicle has been damaged in excess of approximately 70% of its pre-accident
Salvage value Salvage value is an estimate of the asset’s value ate the end of its useful life. This value may be based on the asset’s worth as scrap or on its expected trade-in-value.
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