stumpage noun. ['stʌmpɪdʒ] N. Amer. M19.
[from STUMP noun¹ + -AGE.]
1. The price paid for standing timber. Also, a tax charged in parts of the United States for the privilege of cutting timber on State lands. M19.

2. Standing timber considered with reference to its quantity or marketable value. M19.

[TahlilGaran] English Dictionary ▲