Speculation
/ˌspɛkjʊˈleɪʃən/
Definitions
- (n.) The act of forming a theory or conjecture without firm evidence, especially in financial or legal contexts regarding assets.
The court warned against speculation on uncertain facts.
- (n.) The purchase or sale of property, stocks, or commodities with the hope of profiting from future price fluctuations rather than intrinsic value.
Speculation drove up the real estate prices rapidly.
Related terms
See also
Commentary
Legally, speculation often involves risk-taking and uncertain outcomes, and can intersect with doctrines limiting frivolous claims or evaluating market manipulations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.