The Collaborative International Dictionary of English v.0.48:
Salute \Sa*lute"\, v. t. [imp. & p. p. Saluted; p. pr. & vb.
n. Saluting.] [L. salutare, salutatum, from salus, -utis,
health, safety. See Salubrious.]
1. To address, as with expressions of kind wishes and
courtesy; to greet; to hail.
I salute you with this kingly title. --Shak.
2. Hence, to give a sign of good will; to compliment by an
act or ceremony, as a kiss, a bow, etc.
You have the prettiest tip of a finger . . . I must
take the freedom to salute it. --Addison.
3. (Mil. & Naval) To honor, as some day, person, or nation,
by a discharge of cannon or small arms, by dipping colors,
by cheers, etc.
4. To promote the welfare and safety of; to benefit; to
gratify. [Obs.] "If this salute my blood a jot." --Shak.