No-Cure, No-Pay : A form of salvage contract in which the salvor receives no payment if he or she fails to save any property, and is paid only if successful
Association of Marine Underwriters of San Francisco (AMUSF), Glossary of Marine Insurance and Shipping Terms, http://www.amusf.com/Definitions_A.htm, CA, USA 2011. (Mrtm Insur and Shipping - Amer) {575}