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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.

spec

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

References in periodicals archive ?
Cutting down on time spent with clients is one of the best reasons to build on spec.
By building custom and spec, you can keep your crews busy when you don't have a custom home, and you can slack off on spec homes when the custom side is busy.
Says Leo Bender, Elyria plant manager for Catalyst Resources, "We decided to look at all our customers to find who had the strictest requirements and produce everything to that spec.
Sunday has been working to migrate its print projects onto the Plans & Specs system to offer all of its customers more advanced services.
Converting to take full advantage of HP's SPECS parametric test systems can produce streamlined production development processes, potentially resulting in large increases in line throughput.
The complete IHS Specs and Standards Service with Full Text Military Documents provides online access to military specifications and related documents, and commercial standards from the U.
In equipment maintenance and TPM training applications, Video Spec can be used for just-in-time training while working on equipment, or for on-line reference or in support of classroom instruction.
SPEC expects that a wide range of computer server manufacturers, systems integrators, and Internet service providers will run the benchmark and report results.
SPEC and the benchmark name SPECsfs97_R1 are registered trademarks of the Standard Performance Evaluation Corporation.
SPEC develops benchmark suites and also reviews and publishes submitted results from member organizations and other benchmark licensees.
Today, the SPEC SFS benchmark is a good metric for measuring NAS performance, especially in a large enterprise, and based on the SPEC SFS numbers, Spinnaker is setting a new bar for NFS performance," said Steve Kenniston, Technology Analyst at the Enterprise Storage Group.
SPEC is a non-profit corporation formed to establish, maintain and endorse a standardized set of relevant benchmarks that can be applied to the newest generation of high-performance computers.