In the context of a case dealing with whether the taxpayer had acquired an interest in a condominium unit with a reasonable expectation of profit, Bowman A.C.J. stated (at p. 1274):
... the word "investment" is a completely neutral term. It can refer to a long-term investment in land and buildings or in corporate or government bonds - plainly a capital purpose - or it can refer to an investment in a commercial enterprise or in property that is intended to sell at a profit (an adventure in the nature of trade).