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Economic Definition of speculation. Defined. Term speculation Definition: Buying an asset with the intent of reselling it later at a higher price. The purpose of speculation is simply to buy low today and sell high tomorrow. Those who engage in speculation have no reason for buying the asset, other than resale at a later time.
For the village in New York, see Speculator, New York. For the archaic tactic in rugby, see Field goal (rugby). Speculation is the purchase of an asset (a commodity, goods, or real estate) with the hope that it will become more valuable at a future date.