stumpage

noun

stump·​age ˈstəm-pij 

1

: the value of standing timber

2

: uncut marketable timber

also : the right to cut it

Examples of stumpage in a Sentence

Recent Examples on the Web

Timber owners were taxed on the stumpage price, which is the price without factoring in those additional costs. — oregonlive, 11 June 2020

Word History

First Known Use

1835, in the meaning defined at sense 1

Rhymes for stumpage

• pumpage