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SPECULATION, contracts. The hope or desire of making a profit by the purchase and resale of a thing. Pard. Dr. Com. n. 12. The profit so made; as, be made a good speculation.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Smith did suffer about a 25% loss in 2000 with some of her more speculative names, among them Priceline.com (Nasdaq: PCLN), Teligent Inc.
* Normalcy: Is the financial objective normal or speculative?
Q: You've written about the last speculative mania, which led to the stock market crash in 1929.
They also advocate some limits on speculative currency transactions.
Hoosier developers are approaching speculative development with the same conservatism that spared them most of the pain when the '80s boom went bust.
High-flying speculative stocks are once again in play.
ELK GROVE VILLAGE -- CA Industrial, the industrial investment and development division of CA Ventures, has started construction on CA Elk Grove, a 146,029-square-foot speculative class A warehouse at 550 E.
London cocoa futures rose on Wednesday, boosted by light speculative buying and expectations for a slowdown in supplies from top grower Ivory Coast, while robusta coffee set a new 2-1/2 month low.
SINCE the last decade, speculative fiction has gained considerable global relevance.
Zions Fiction: A Treasury of Israeli Speculative Literature