noun, verb, -vaged, -vag⋅ing.| 1. | the act of saving a ship or its cargo from perils of the seas. |
| 2. | the property so saved. |
| 3. | compensation given to those who voluntarily save a ship or its cargo. |
| 4. | the act of saving anything from fire, danger, etc. |
| 5. | the property saved from danger. |
| 6. | the value or proceeds upon sale of goods recovered from a fire. |
| 7. | to save from shipwreck, fire, etc. |