FindLaw Legal Dictionary
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1 : involving, based on, or constituting intellectual speculation
: theoretical rather than demonstrable [ medical testimony concerning the cause of death]
2 : of, relating to, or being a financial speculation [ securities] [ home building]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.