salvage compensation
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 77 U.S. 1 - The Blackwall · 1869Most cited · 380 citing opinions
Compensation as salvage is not viewed by the admiralty courts merely as pay, on the principle of a quantum meruit, or as a remuneration PRO OPERE ET LABORE, but as a reward given for perilous services, voluntarily rendered, and as an inducement to seamen and others to embark in such undertakings to save life and property.