This is the 3545th most frequent Russian word.
салют
Fireworks or salute.
Here, "салют" signifies a ceremonial salute, often involving gunfire or some form of an honorary gesture.
В военном параде был дан салют в честь ветеранов.
A salute was given in honor of the veterans at the military parade.
In this sentence, "салют" is an informal greeting in Russian, similar to "hi" or "hello."
Салют всем, как у вас дела?
Hello everyone, how are you doing?
Here, "салют" refers to a fireworks display, which is a common usage in celebratory contexts.