Взаимоотношения и взаимные обязательства между художником и галеристом

[AlexanderG]

Vot prostye opredeleniia, dumaiu, chto perevediot avtomatom.

According to the 1997 Princeton University WordNet 1.6 dictionary definition the terms investment and speculation are as follows:
Investment is:
`The act or practice of buying land, goods, shares, etc., in expectation of selling at a higher price, or of selling with the expectation of repurchasing at a lower price; a trading on anticipated fluctuations in price, as distinguished from trading in which the profit expected is the difference between the retail and wholesale prices, or the difference of price in different markets.
An item of value purchased for income or capital appreciation.'
Speculation is:
`An investment that is very risky but could yield great profits; engagement in risky business transactions on the chance of quick or considerable profit.'
According to these definitions speculation is just one form of investment, but with greater risk.