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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 ?
Based on estimated results of industry-standard SPECint and SPECfp rate tests.
SPEC, SPECint, SPECfp, SPECrate, SPECweb, SPECjbb are trademarks of the Standard Performance Evaluation Corporation.
SPEC, SPECint, SPECfp and SPECjbb are registered trademarks of the Standard Performance Evaluation Corporation.
Performance based on SPECint rate_base2000 (2 copies) and energy efficiency based on Thermal Design Power (TDP), comparing Intel(R) Core(TM) 2 Duo E6700 to Intel(R) Pentium(R) D Processor 960.