Stumpage

Webster's Dictionary of the English Language

·noun A tax on the amount of timber cut, regulated by the price of lumber.

II. Stumpage ·noun 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.

Related Words

stumpage
The sum paid to owners of land for the privilege of cutting the timber growing thereon. State of Mai...

Dictionary of American Words And Phrases by John Russell Bartlett.