SPECULATE v.
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.
TONTINE n.
last survivor, or to the last two or three, according to the terms on which the money is advanced. Used also adjectively; as, tontine insurance. Too many of the financiers by professions are apt to see nothing in revenue but banks, and circulations, and annuities on lives, and tontines, and perpetual rents, and all th…
TRAVERSE v.
To deny formally, as what the opposite party has alleged. When the plaintiff or defendant advances new matter, he avers it to be true, and traverses what the other party has affirmed. To traverse an indictment or an office is to deny it. And save the expense of long litigious laws, Where suits are traversed, and so lit…