Salvage
/ˈsælvɪdʒ/
noun
The rescue of a ship, its crew or its cargo from a hazardous situation.
The ship, crew or cargo so rescued.
The compensation paid to the rescuers.
verb
(of property, people or situations at risk) to rescue.
(of discarded goods) to put to use.
To make new or restore for the use of being saved.