n. Standing timber; timber-trees collectively, as in a particular tract of forest, with reference to their value for cutting or stumping, independently of that of the land.n. A tax levied in some of the United States on the amount and value of timber cut for commercial purposes.n. The right to cut trees on the seller's land. Payment is based on the measurement of the logs as they are brought to the landing and piled ready for the drive.Of or pertaining to stumps or stumpage; reckoned by stumps.