The Collaborative International Dictionary of English v.0.48:

Salve \Salve\, v. t. & i. [See Salvage]
   To save, as a ship or goods, from the perils of the sea.
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The Collaborative International Dictionary of English v.0.48:

Salve \Sal"ve\, interj. [L., hail, God save you, imperat. of
   salvere to be well. Cf. Salvo a volley.]
   Hail!
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The Collaborative International Dictionary of English v.0.48:

Salve \Sal"ve\ (? or ?), v. t.
   To say "Salve" to; to greet; to salute. [Obs.]
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         By this that stranger knight in presence came,
         And goodly salved them.                  --Spenser.
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The Collaborative International Dictionary of English v.0.48:

Salve \Salve\ (?; 277), n. [AS. sealf ointment; akin to LG.
   salwe, D. zalve, zalf, OHG. salba, Dan. salve, Sw. salfva,
   Goth. salb[=o]n to anoint, and probably to Gr. (Hesychius) ?
   oil, ? butter, Skr. sarpis clarified butter. [root]155, 291.]
   1. An adhesive composition or substance to be applied to
      wounds or sores; a healing ointment. --Chaucer.
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   2. A soothing remedy or antidote.
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            Counsel or consolation we may bring.
            Salve to thy sores.                   --Milton.
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   Salve bug (Zool.), a large, stout isopod crustacean (Aega
      psora), parasitic on the halibut and codfish, -- used by
      fishermen in the preparation of a salve. It becomes about
      two inches in length.
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The Collaborative International Dictionary of English v.0.48:

Salve \Salve\, v. t. [imp. & p. p. Salved; p. pr. & vb. n.
   Salving.] [AS. sealfian to anoint. See Salve, n.]
   1. To heal by applications or medicaments; to cure by
      remedial treatment; to apply salve to; as, to salve a
      wound. --Shak.
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   2. To heal; to remedy; to cure; to make good; to soothe, as
      with an ointment, especially by some device, trick, or
      quibble; to gloss over.
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            But Ebranck salved both their infamies
            With noble deeds.                     --Spenser.
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            What may we do, then, to salve this seeming
            inconsistence?                        --Milton.
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WordNet (r) 3.0 (2006):

salve
    n 1: semisolid preparation (usually containing a medicine)
         applied externally as a remedy or for soothing an
         irritation [syn: ointment, unction, unguent, balm,
         salve]
    2: anything that remedies or heals or soothes; "he needed a
       salve for his conscience"
    v 1: save from ruin, destruction, or harm [syn: salvage,
         salve, relieve, save]
    2: apply a salve to, usually for the purpose of healing