Co., 30 Mo
Categories: Property
Definition (1910 Edition)
35.—Salvage loss. In the language of marine underwriters, this term means the difference between the amount of salvage, after deducting the charges, and the original value of the property insured. Devitt v. Insurance Co., 61 App. Div. 390, 70 N. Y. Supp. 662; Koons v. La Fonciere Compagnie (D. C.) 71 Fed. 981.—Total loss. See that title.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain.
UK commentary and modern updates are original additions. This entry is for educational
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