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On Spec

 
Marketing Dictionary: on speculation (on spec)
 

Describes work, such as advertising that is done for a client without a contract or job order, for which the client will pay only if the work is to be used. When a job is done on speculation, the person doing the work takes the risk in the hope of making a profit, gaining a valuable credit, or for some other reason. In the advertising business, creative talent will often work on spec in order to establish a name in the industry.

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Business Dictionary: On Speculation (on Spec)
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Describes work, such as advertising, that is done for a client without a contract or job order, for which the client will pay only if the work is to be used.

 
Idioms: on spec
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Done on a speculative basis; with no assurance of profit. For example, We didn't design our house; the builder built it on spec. The use of spec as an abbreviation for speculation dates from the late 1700s.


 
Wikipedia: On Spec
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On Spec is a digest-sized, perfect-bound, Canadian quarterly magazine publishing stories and poetry in science fiction, fantasy, and allied genres. It started publishing in 1989, and is based in Edmonton, Alberta.

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Copyrights:

Marketing Dictionary. Dictionary of Marketing Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Idioms. The American Heritage® Dictionary of Idioms by Christine Ammer. Copyright © 1997 by The Christine Ammer 1992 Trust. Published by Houghton Mifflin Company. All rights reserved.  Read more
Wikipedia. This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "On Spec" Read more

 

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