Spec - Speculation

Speculation

  • Speculation in the broadest sense of that word—hypothetical thinking, prediction
    • Speculation in the economic and financial sense—investing or spending resources with the hope/prediction of future returns
      • Work done "on speculation" ("on spec"), meaning that the person or company that did the work did so at their own expense, with the hope that the demonstrable results would spur sales, convincing customers to pay for future such work
        • Real estate speculation, buying real estate on the speculation that its value will rise
        • Speculative construction, building structures on the speculation that they will find willing buyers (or tenants) once complete
        • spec script, a script written by an aspiring screenwriter to act as a sort of written audition as part of the process of obtaining representation by a literary agent
        • spec multimedia (e.g., music video, commercial), a piece of content whose creator produces it at his own expense in the hope of landing paid work, to improve his portfolio ("showreel") in order to get a paid job

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Famous quotes containing the word speculation:

    Many expressions in the New Testament come naturally to the lips of all Protestants, and it furnishes the most pregnant and practical texts. There is no harmless dreaming, no wise speculation in it, but everywhere a substratum of good sense. It never reflects, but it repents. There is no poetry in it, we may say, nothing regarded in the light of beauty merely, but moral truth is its object. All mortals are convicted by its conscience.
    Henry David Thoreau (1817–1862)

    When speculation has done its worst, two and two still make four.
    Samuel Johnson (1709–1784)

    There was no speculation so promising, or at the same time so praisworthy, as the United Metropolitan Improved Hot Muffin and Crumpet Baking and Punctual Delivery Company.
    Charles Dickens (1812–1870)