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An investment with an exceptionally high risk. Speculators may invest in a start-up company or in a volatile commodity. These risks carry the possibility of very high returns. Speculators often trade actively and many have hedging strategies to reduce their risks. See also: Hedge fund.


Speculative; built without a purchaser or a tenant, but in anticipation of securing one when the project is completed.

References in periodicals archive ?
Demand for the entire Series 700 family, which includes workstation and server configurations offering performance in excess of 77 SPECmarks, is strong and continues to grow.
Binary compatible with Silicon Graphics' complete line of IRIS 4D(TM) workstations and servers, IRIS Crimson systems incorporate a 50 MHz MIPS R4000SC, delivering 70 SPECmarks of performance.
With system performance up to 77 SPECmarks, HP's Series 700 is rapidly becoming the workstation of choice among electronic design engineers," said mark E.