The right or permission to graze livestock on another's land; pasture or grazing rights; or fodder and vegetation available for eating.
From 'eat' + '-age' (a suffix forming nouns, derived from Old French '-age'). The suffix '-age' creates nouns related to processes, rights, or collections, similar to 'baggage,' 'herbage,' and 'foliage.'
'Eatage' is a legal and agricultural term most common in British property law—it shows how English developed precise vocabulary for the different rights you could buy or rent from a landowner, from grazing rights to timber rights to water rights.
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