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Definition of "stumpage" []

  • Standing timber regarded as a commodity. (noun)
  • The value of standing timber. (noun)
  • The right to cut standing timber. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Use "stumpage" in a sentence
  • "This is the mill when you think about what a tree buyer wants this has a predictable cash flow with a long-term stumpage agreement to a pulp mill that has as its major customer on a taker [ph] pay basis a tissue user that is a pretty stable demand and so it is an attractive cash flow situation and we are confident that a successful sale will take place."
  • "He eyed the wood with the knowingness of an authority on "stumpage," and added: "I don't know whether we made those rails or not; the fact is, I don't think they are a credit to the makers!""
  • "Cappy Ricks had no definite ideas on the subject, for he didn't own enough of that kind of stumpage to grieve him."