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Speculative fiction, as the term is mostly used today, is a kind of catch all category for sf, fantasy, horror...and probably a few other genres.
Spec-fic was also used by some people in the 60's to basically mean science fiction, but without the pejorative sense that some people felt was attached to sf due to its pulp past. In that sense, it kind of meant "grown-up" science fiction. (Although I always thought of it as a euphemism and never liked the term. I still don't like the term, come to think of it).
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