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salvage automobile

Defined in 1 dictionary — U.S. Code

United States Code

49 U.S.C. § 30501 — in this chapter

“salvage automobile” means an automobile that is damaged by collision, fire, flood, accident, trespass, or other event, to the extent that its fair salvage value plus the cost of repairing the automobile for legal operation on public streets, roads, and highways would be more than the fair market value of the automobile immediately before the event that caused the damage.