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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 ?
Introduced in April 2001, the Autodesk Plans & Specs system provides the $3.
Autodesk, AutoCAD, ProjectPoint and Plans & Specs are either registered trademarks or trademarks of Autodesk, Inc.
HP to develop services to migrate ICMS test plans to SPECS.
there are features of the HP4071 and SPECS that will not be
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.
The IHS Specs and Standards Service with Full Text Military Documents also includes provision for users to flag preferred documents.
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.
In addition to its Video Spec software, FRAX offers Video Spec production services and custom development of interactive multimedia training.
SPEC expects that a wide range of computer server manufacturers, systems integrators, and Internet service providers will run the benchmark and report results.
More information on the SPEC SIP performance subcommittee is available at www.
For the SPEC SFS test, the 3-node SpinServer 4100 cluster was configured in a "failover ring" where each server was actively serving files and simultaneously providing backup to a neighbor server in a round-robin fashion, with a single file system spanning the entire cluster.
For more details about the SPEC SFS benchmark and a current list of validated results, please visit http://www.