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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 ?
The Model 710, based on the 50-MHz PA-RISC architecture, performs at 57.9 mips, 49.7 specmarks, and 12 mflops.
Using a new benchmark of general applications codes, the 720 was said to run at 55 specmarks - twice as fast as the Sun Sparcstation 2.
While he indicated that specmarks are a better benchmark, there are still differences in the consistency of software across different platforms with similar scores.