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| spec·u·la·tion [ spèkyə láysh'n ] (plural spec·u·la·tions) |
noun |
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1. opinion based on incomplete information: a conclusion, theory, or opinion based on incomplete facts or information
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2. reasoning based on incomplete information: reasoning based on incomplete facts or information
 mere speculation
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3. risky transaction: a financial transaction that involves risk, but is potentially profitable
a failed speculation on a dot-com
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4. making of risky transactions: the practice of engaging in financial transactions that are risky, but potentially profitable
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