stumpage

[stuhm-pij]

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. 2018

Examples from the Web for stumpage

Historical Examples of stumpage

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.
King Spruce, A Novel
Holman Day
The sales are of stumpage only; the government does no logging on its own account.
Encyclopaedia Britannica, 11th Edition, Volume 10, Slice 6
Various
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.
The Valley of the Giants
Peter B. Kyne

British Dictionary definitions for stumpage

stumpage

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