a hypothesis that has been formed by speculating or conjecturing (usually with little hard evidence); "speculations about the outcome of the election"; "he dismissed it as mere conjecture"
an investment that is very risky but could yield great profits; "he knew the stock was a speculation when he bought it"
an organization (usually with a commercial bank) that is engaged as a trustee or fiduciary or agent in handling trust funds or estates of custodial arrangements or stock transfers or related services
an estimation that is too low; an estimate that is less than the true or actual value
make too low an estimate of; "he underestimated the work that went into the renovation"; "Don't underestimate the danger of such a raft trip on this river"