I was talking with a non-publishing friend a while back, and
she asked me what kind of book I was writing.
I told her about my science fiction series and my Steampunk series. Then
I said, “Actually the short answer is I write spec.”
At her blank look, I corrected myself. “Speculative
fiction.”
If anything her look got more confused, and I realized she
had no idea what I was talking about when I said speculative. So I took the
opportunity to explain the term to her.