stumpage

[ stuhm-pij ]
/ ˈstʌm pɪdʒ /

noun

standing timber with reference to its value.
the value of such timber.

Origin of stumpage

First recorded in 1815–25; stump + -age
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for stumpage

British Dictionary definitions for stumpage

stumpage

/ (ˈstʌmpɪdʒ) /

noun

US and Canadian standing timber or its value
US and Canadian the right to fell timber on another person's land
Canadian a tax or royalty payable on each tree felled, esp on crown land
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012