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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 X-Play specced test car added air-con, Bluetooth, 15-inch wheels, a leather steering wheel with phone and audio controls.
Everything considered, this is an immensely specced and impressively priced gaming rig.
For instance, diesels start at PS8,395 and the test car was specced up with accessories that took it to PS9,515.
Rikki means "tiny" in French and, while this hard drive is small on the outside, inside its tough, light aluminium jacket he has a massive 640GB of storage space but can be specced with a 250GB or 500GB drive for less cash.
It comes well specced and is priced from pounds 10,790 for the entry level petrol model, rising to pounds 16,140 for the range topping 1.
Only one highly specced version will be available and it is so lavishly equipped that there are no factory-fitted options available - even a choice of mica or metallic paint finish is included in the price.
With its rollback roof, it's a retro cutie that's quite well specced, boasting standard power steering, air con, 1.
For any of these scenarios, this thermal imaging camera attachment for iPhones - there's also a similarly specced Android version - will certainly do the business.
Despite modest proportions, the duo come well specced up including an additional PS300 of extras like electric power steering, automatic start/stop and LED daytime running lights.
Nokia aka Microsoft is in the process of rejuvenating its smartphone line-up though the focus right now is centered more around coming up with specced up versions of the existing Lumia devices than launching completely new smartphones designed afresh from ground up.
0 TDI Quattro diesel model (likely to be the best seller) that was specced up to the gills with pounds 13,000 worth of optional extras.