Stumpage

1 definition found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Stumpage \Stump"age\, n.
     1. Timber in standing trees, -- often sold without the land
        at a fixed price per tree or per stump, the stumps being
        counted when the land is cleared. [Local, U.S.]
        [1913 Webster]
  


              Only trees above a certain size are allowed to be
              cut by loggers buying stumpage from the owners of
              land.                                 --C. S.
                                                    Sargent.
        [1913 Webster]
  
     2. A tax on the amount of timber cut, regulated by the price
        of lumber. [Local, U.S.] --The Nation.
        [1913 Webster]