- Types:
- show 4 types...
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speculation, venture
an investment that is very risky but could yield great profits
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gamble
money that is risked for possible monetary gain
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smart money
money bet or invested by experienced gamblers or investors (especially if they have inside information)
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pyramid
(stock market) a series of transactions in which the speculator increases his holdings by using the rising market value of those holdings as margin for further purchases