salvage
noun
  1. the work of saving a ship or a cargo from being destroyed

  2. goods saved from a wrecked ship, from a fire or from some other accident

    Example

    a sale of flood salvage items

    (Note no plural)
verb
  1. to save goods or a ship from being destroyed

    Example

    We are selling off a warehouse full of salvaged goods.

  2. to save something from loss

    Examples
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retirement benefits
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money at call and short notice