a statement that makes something comprehensible by describing the relevant structure or operation or circumstances etc.; "the explanation was very simple"; "I expected a brief account"
the act of explaining; making something plain or intelligible; "I heard his explanation of the accident"
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"