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English definition of “speculative”

speculative

adjective   /ˈspekjələtɪv/
based on a guess and not on information: The idea that a merger of this kind would ever take place is purely speculative. highly/overly speculative
FINANCE done in order to make a profit even though there is risk that you may lose money: We should remember that a sign of the end of the first bubble was a large number of highly speculative transactions. Company shares advanced 6p to 34p on speculative buying. News of the sale led to considerable speculative activity on the exchange.
FINANCE a speculative investor is willing to accept a high level of risk in the hope of making a profit: This stock should only be considered by the speculative investor.
(Definition of speculative adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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