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salvage value

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
salvage value [′sal·vij ‚val·yü]
(engineering)
The cost that could be recovered from the sale of used equipment when removed or scrapped.
The actual market value of a specific facility or equipment at a particular point in time.


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Fifty years ago, at a council meeting, the parks committee was told the beautiful and historic building known as Marton Hall, built as a home for one of our founding fathers, "should be pulled down before all salvage value is lost through deterioration of the structure".
The salvage value of property is often estimated hastily and without much haggling.
Entire neighborhoods, commercial zones and pathways were going dark because wire thieves were systematically stripping the copper wire for the city's street lighting systems for the salvage value.
 
 
 
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