Webster's Revised Unabridged Dictionary · 1913

Speculate

Speculate , intransitive verb

[Latin speculatus, past participle of speculari to spy out, observe, from specula a lookout, from specere to look. See Spy.]

1.
To consider by turning a subject in the mind, and viewing it in its different aspects and relations; to meditate; to contemplate; to theorize; as, to speculate on questions in religion; to speculate on political events.
It is remarkable that persons who speculate the most boldly often conform with the most pefect quietude to the external regulations of society. — Hawthorne
2.
(Philosophy) To view subjects from certain premises given or assumed, and infer conclusions respecting them a priori.
3.
(Commerce) To purchase with the expectation of a contingent advance in value, and a consequent sale at a profit; -- often, in a somewhat depreciative sense, of unsound or hazardous transactions; as, to speculate in coffee, in sugar, or in bank stock.

Speculate , transitive verb

To consider attentively; as, to speculate the nature of a thing. [Rare] — Sir W. Hamilton