Speculative
/ˈspɛkjʊlətɪv/
Definitions
- (adj.) Based on conjecture rather than definite knowledge or fact, often involving risk or uncertainty.
The investor made a speculative purchase of shares hoping for high returns.
- (adj.) Concerned with investment or transactions involving high risk and the expectation of large gains.
Speculative real estate developments can lead to significant financial loss if the market declines.
Related terms
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Commentary
In legal contexts, 'speculative' often qualifies claims, damages, or investments that depend on uncertain future events; drafters should clearly distinguish speculative assertions from evidence-based facts.
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.