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stumpage

[stuhm-pij]
See more synonyms for stumpage on Thesaurus.com
noun
  1. standing timber with reference to its value.
  2. the value of such timber.
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Origin of stumpage

First recorded in 1815–25; stump + -age
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for stumpage

Historical Examples

  • Just like you forgot signing this lease and stumpage contract!

    The White Desert

    Courtney Ryley Cooper

  • Your tolls for this, that, and the other figured up about as much as stumpage.

  • The sales are of stumpage only; the government does no logging on its own account.

  • Here's your stumpage at a dollar a thousand, and there's your lumber at twenty!

    The Rules of the Game

    Stewart Edward White

  • I'll give you a dollar a thousand stumpage for your timber, Bill.

British Dictionary definitions for stumpage

stumpage

noun
  1. US and Canadian standing timber or its value
  2. US and Canadian the right to fell timber on another person's land
  3. Canadian a tax or royalty payable on each tree felled, esp on crown land
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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