| stumpage | 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. "Only trees above a certain size are allowed to be cut by loggers buying stumpage from the owners of land." (C. S. Sargent) 2. A tax on the amount of timber cut, regulated by the price of lumber. Source: Websters Dictionary (01 Mar 1998) |
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