Speculation

Defined in 4 dictionaries — Cyclopedic (1922), Black's (1910), Anderson (1889), Bouvier (1839)

The Cyclopedic Law Dictionary

Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922

The hope or desire of making a profit by the purchase and resale of a thing. Pardessus, Dr. Com. note 12. The profit so made; as, he made a good speculation.

Black's Law Dictionary

Henry Campbell Black, M.A. · 1910

In commerce. The act or practice of buying lands, goods, etc., in expectation of a rise of price and of selling them at an advance, as distinguished from a regular trade, in which the profit expected is the difference between the retail and wholesale prices or the difference of price in the place where the goods are purchased, and the place where they are to be carried for market. Webster. See Maxwell v. Bums (Tenn. Ch. App.) 59 S. W. 1067; U. S. v. Detroit Timber & Lumber Co. (C. C.) 124 Fed. 393.

A Dictionary of Law

William C. Anderson · 1889

Gambling is, not to be confounded with speculation. Merchants speculate upon the future price of that in which they deal, and buy and sell accordingly. In other words, they think of and weigh, that is, speculate upon, the probabilities of the coming market and act upon this outlook into the future.^ But when ventures are 'made upon the turn of prices alone, with no bona fide intent to deal in the article, but merely to risk the difference between the rise and the fail of the price at a given time, the case is changed. The purpose then is nofto deal in the article, and the bargain represents not a transfer of property, but a mere stake or wager upon its future price." See Wager, 2. Speculative. See Damages, 1, Speculative. ' See January v. Goodman, 1 Ball. 208 (1787); Bank of the United States v. Donnally, 8 Pet. 371 (1834); 10 Ga. 167; 15 Ind. 283; 5 Neb. 87; 10 Ohio St. 40; 2 S. & R. 503. 2 " Money paid by tale; " probably by confusion with L. abl. specie, as if paid in specie — in visible coin,

— Skeat. See Species. s Walkup V. Houston, 65 N. C. 502 (1871), Dick, J.; Webb V. Moore, 4 T. B. Mon. 483 (1837); Henry r. Salina Bank, 5 Hill, 536 (1843). * Gilbert v. United States, 1 Ct. CI. 34 (1863), Casey, Chief Justice. Bonsall, 73 Pa. 158 (1872), Agnew, J.

A Law Dictionary, Adapted to the Constitution and Laws of the United States

John Bouvier · 1839

contracts. a thing. Pard. Dr. Com. n. 12. The profit so made; as, he made a good speculation.