in Finance by (265k points)

Question: ________ is the property saved from loss.


  1.  Profit
  2.  Salvage
  3.  Stand
  4.  Jettison

Please log in or register to answer this question.

1 Answer

+1 vote
by (738k points)
selected by
Best answer

2. Salvage

Salvage is the property saved from loss.

More information:

Salvage often refers to the remains of an asset after a loss.

The insured must transfer all the rights, ownership, and interests of the damaged property to the insurer after paying of claims.

Example: Partly damaged goods, car or any machinery or any other property

Related questions