Chapter Spectacular to Speed of S by Webster's Dictionary (1913 Edition)

in price, as distinguished from trading in which the profit expected is the difference between the retail and wholesale prices, or the difference of price in different markets.

Sudden fortunes, indeed, are sometimes made in such places, by what is called the trade of speculation.

A. Smith.

Speculation, while confined within moderate limits, is the agent for equalizing supply and demand, and rendering the fluctuations of price less sudden and abrupt than they would otherwise be.

F. A. Walker.

(e) Any business venture in involving unusual risks, with a chance for large profits.

2. A conclusion to which the mind comes by speculating; mere theory; view; notion; conjecture.

From him Socrates derived the principles of morality, and most part of his natural speculations.

Sir W. temple.

To his speculations on these subjects he gave the lofty name of the "Oracles of Reason."

Macaulay.

3. Power of sight. [Obs.]

Thou hast no speculation in those eyes.

Shak.

4. A game at cards in which the players buy from one another trumps or whole hands, upon a chance of getting the highest trump dealt, which entitles the holder to the pool of stakes.

Speculatist
(Spec"u*la*tist) n. One who speculates, or forms theories; a speculator; a theorist.

The very ingenious speculatist, Mr. Hume.

V. Knox.

Speculative
(Spec"u*la*tive) a. [Cf. F. spéculatif, L. speculativus.]

1. Given to speculation; contemplative.

The mind of man being by nature speculative.

Hooker.

2. Involving, or formed by, speculation; ideal; theoretical; not established by demonstration. Cudworth.

3. Of or pertaining to vision; also, prying; inquisitive; curious. [R.] Bacon.

4. Of or pertaining to speculation in land, goods, shares, etc.; as, a speculative dealer or enterprise.

The speculative merchant exercises no one regular, established, or well-known branch of business.

A. Smith.

— Spec"u*la*tive*ly, adv. — Spec"u*la*tive*ness, n.

Speculator
(Spec"u*la`tor) n. [L., a spy, explorer, investigator: cf. F. spéculateur.] One who speculates. Specifically: (a) An observer; a contemplator; hence, a spy; a watcher. [Obs.] Sir T. Browne.

(b) One who forms theories; a theorist.

A speculator who had dared to affirm that the human soul is by nature mortal.

Macaulay.

(c) (Com.) One who engages in speculation; one who buys and sells goods, land, etc., with the expectation of deriving profit from fluctuations in price.

Speculatorial
(Spec`u*la*to"ri*al) a. Speculatory; speculative. [Obs.]