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Definition of: speculation
(spek′yə·lā′shən) noun
1. The act of theorizing or conjecturing; speculating.
2. A theory or conjecture.
3. A conclusion reached by or based upon conjecture.
4. An investment involving risk with hope of large profit.
5. The act of engaging in risky business transactions that offer a possibility of large profit.
6. Archaic Vision; observation; intuition. See synonyms under HYPOTHESIS, THOUGHT1.
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