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Speculation

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

spec

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

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Fusion Drive up to 3TB can be specced. The most expensive
For instance, diesels start at PS8,395 and the test car was specced up with accessories that took it to PS9,515.
Both models are cute-looking little movers and each is pretty generously specced for the money.
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 1.6 HDI 110bhp Exclusive derivative.
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, 1.0-litre turbo engine and Micra running gear.
Today TCP managing director Colin Muncie revealed the work had been "specced up from the engineering point of view" and it had emerged it was going to take less time to do than had been first thought.
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.
Specced in X-Play trim - one up from the entry X model - this three-door Aygo appeared fitted and furnished to a good level.
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.
Small petrol-engined variants feel underpowered and are sparsely specced, but anything from 525i or 520d upwards will be rewarding in every way.