salvage value
noun[CorU]
ukus(alsoscrap value)ACCOUNTING
thevalueof anassetorpropertyat the end of theperiodit wasintendedto last for:
If thesalvagevalueturnsouthigherthan thedepreciatedvalueof themachinery, you will have topaytaxon thedifference.
INSURANCE
thevalueofgoodsthat aresavedfrom beingdamagedordestroyed:
Storedamagedfurnituremay have asalvagevalue.