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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 ?
Brad Ingelsby was working for his father's insurance business when Relativity Media paid $650,000 against $1.1 million to buy "The Low Dweller," a spec that Ridley Scott will direct, with Leonardo DiCaprio starring.
"The addition of Spec Check to RBI's Construction group reinforces our commitment to provide the information our customers need to do their jobs," said Chicagoland Division President Jeff Greisch.
SNIA renamed Bluefin to SMI, which is not only spec development but also interoperability testing.
TO MANY BUILDERS AND INdustry consultants, "spec" might as well be a dirty word.
This means you ignore features you don't understand or did not include in the spec and evaluate on some common grounds.
We called up Specs and told him that the technique had changed over the years (after he went blind) and that the first baseman was now setting up at the inside back corner of the bag.
Two-thirds of men disliked specs on women - while even wearers leave them at home for special occasions.
Specs may indeed reappear, but the conditions have to be right, says Mike McKenna of Indianapolis' CB Commercial.
Toronto, Canada, September 13, 2018 --(PR.com)-- Allied Technical Solutions (ATS), a division of Allied Technical Sales, announces a major overhaul of their Specification Information System, The ATS Spec Tool.
Overall, the OnePlus brand aims to offer affordable prices with desirable specs. The OnePlus 3T is more of a mid-range device for the manufacturer, while the OnePlus 5 would be considered a flagship.
Now you can win some sensationally Scottish specs for a stylish new look.
From the DSP home page, click ONLINE SPECS in the banner on the left-hand side of the screen.