Usually means: Formed theories without firm evidence.
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We found 15 dictionaries that define the word speculated:

General (12 matching dictionaries)
  1. speculated: Merriam-Webster
  2. speculated: Collins English Dictionary
  3. speculated: Vocabulary.com
  4. Speculated, speculated: Wordnik
  5. speculated: Cambridge Advanced Learner's Dictionary
  6. speculated: Wiktionary
  7. speculated: Dictionary.com
  8. speculated: Cambridge Essential American English Dictionary
  9. Speculated: Online Plain Text English Dictionary
  10. Speculated: AllWords.com Multi-Lingual Dictionary
  11. speculated: FreeDictionary.org
  12. speculated: TheFreeDictionary.com

Business (2 matching dictionaries)
  1. speculated: Merriam-Webster Legal Dictionary
  2. speculated: Legal dictionary

Miscellaneous (1 matching dictionary)
  1. speculated: Idioms

(Note: See speculate as well.)

Definitions from Wiktionary (speculate)

verb:  (obsolete, intransitive) To think, meditate or reflect on a subject; to consider, to deliberate or cogitate.
verb:  (intransitive) To make an inference based on inconclusive evidence; to surmise or conjecture.
verb:  (intransitive, business, finance) To make a risky trade in the hope of making a profit; to venture or gamble.
verb:  (intransitive, programming) To anticipate which branch of code will be chosen and execute it in advance.
▸ Also see speculate


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