Stumpage – standing timber in its unprocessed form as it is found in the woods
StumpageValue — sellingprice minus productioncosts minus margin for profit and risks
Stumpage Valuation — the process of estimating the value of standing timber for purposes of revenue assessment, tax collection and as guide for buying and selling timber
StumpagePrice — the price at which the seller sells the timber
Stumpage – standing merchantable timber
Stumpagevalue – the value of the standing merchantable tree