stump·age (st m p j)n. 1. Standing timber regarded as a commodity. 2. The value of standing timber. 3. The right to cut standing timber. |
stumpage [ˈstʌmpɪdʒ]
n
1. (Life Sciences & Allied Applications / Forestry) US and Canadian standing timber or its value
2. (Life Sciences & Allied Applications / Forestry) US and Canadian the right to fell timber on another person's land
3. (Life Sciences & Allied Applications / Forestry) Canadian a tax or royalty payable on each tree felled, esp on crown land
stumpage
1. standing timber, with special reference to its value in money.
2. the right to cut such timber and its value on another’s land.
See also: Trees2. the right to cut such timber and its value on another’s land.
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