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spec

Pronunciation: (spek), [key]
—n., adj., v., spec'dor speckedor specced, spec'•ingor speck•ingor spec•cing.

—n.
1. Usually, specs. specification (def. 2).
2. speculation.
3. on spec, made, built, or done with hopes of but no assurance of payment or a sale; without commitment by a client or buyer: ad illustrations done on spec; luxury homes built on spec and sold before completion.

—adj.
built, done, bought, etc., as a speculation: the construction of spec houses.

—v.t.
to provide specifications for: Their newest truck was spec'd by a computer.