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

Example sentences 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