Legal Dictionary
Main Entry:
spec·u·latePronunciation:
'spe-ky&-"lAtFunction:
verbInflected Forms:
-lat·ed;
-lat·ing intransitive verb
1 : to theorize on the basis of insufficient evidence
NOTE: A jury is not permitted to speculate on a matter about which insufficient evidence has been presented in reaching its verdict. 2 : to assume a business risk in hope of gain;
especially : to buy or sell in expectation of profiting from market fluctuations transitive verb
: to take to be true on the basis of insufficient evidence —
spec·u·la·tor /-"lA-t&r/ noun