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stumpage

[stuhm-pij] /ˈstʌm pɪdʒ/
noun
1.
standing timber with reference to its value.
2.
the value of such timber.
Origin
1815-1825
1815-25; stump + -age
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for stumpage
  • If stumpage prices are increasing, then timber is becoming relatively more scarce.
  • Conversely, falling stumpage prices indicate that timber is becoming more abundant relative to demands for its use.
  • Regional differences in stumpage prices are evident in this report.
British Dictionary definitions for stumpage

stumpage

/ˈstʌmpɪdʒ/
noun
1.
(US & Canadian) standing timber or its value
2.
(US & 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
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
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Word Value for stumpage

13
17
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