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Stumpage   Listen
noun
Stumpage  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.) "Only trees above a certain size are allowed to be cut by loggers buying stumpage from the owners of land."
2.
A tax on the amount of timber cut, regulated by the price of lumber. (Local, U.S.)






Collaborative International Dictionary of English 0.48







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