stumpage
(noun)
noun
1. Trees and other standing timber, treated as a commodity.
2. The value of this timber.
3. The right to fell such timber.
4. The fee for the right to fell such timber.
(noun)
1. Trees and other standing timber, treated as a commodity.
2. The value of this timber.
3. The right to fell such timber.
4. The fee for the right to fell such timber.