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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 ?
SPECweb99 results are not comparable to those of its predecessor benchmark, SPECweb96.
A discount is available for universities and other non-profits as well as for SPECweb96 licensees.
AIX used two gigabytes of cache for Web pages while running SPECweb96.
5) Top Five Reported Benchmarks System SPECweb96 Entry Price HP N4000 $48K IBM 3/390 21,591 $6,800K IBM RS/6000 S7A 20,200 $149K IBM RS/6000 S70 19,264 $85K Compaq Alpha Server 14,263 $399K source: Ideas International UNIX is a registered trademark of The Open Group.
a) Based on Specweb96 benchmark tests performed on Model H50 and Model H70 in a four-way configuration.
SPECweb96 is a trademark of Standard Performance Evaluation Corporation.
4, 1998-- Hewlett-Packard Company today submitted for review a SPECweb96 benchmark of 13,811 operations per second for its HP 9000 V2250 Enterprise Server -- a rate of operation that translates into the ability to handle more than 1 billion HTTP requests per day.
25, 1998-- Hewlett-Packard Company today submitted for review a SPECWeb96 benchmark of 3,703 operations per second for its HP 9000 Model D390 Enterprise Server, solidifying its leadership position as the fastest two-way enterprise Web platform in the industry.