speculative building

speculative building definition - business

speculative building

Construction for which no buyer has been identified. A builder or construction company engaged in speculative building assumes the risk that a completed project will be difficult to sell at an acceptable price, in which case substantial financing charges may be incurred. See also spec house.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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