stumpage

noun
stump·​age | \ˈstəm-pij \

Definition of stumpage 

1 : the value of standing timber

2 : uncut marketable timber also : the right to cut it

First Known Use of stumpage

1835, in the meaning defined at sense 1

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Dictionary Entries near stumpage

stumer

stummel

stump

stumpage

stumpish

stump-jumper

stump-jump plow

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Time Traveler for stumpage

The first known use of stumpage was in 1835

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