Paper gain

Paper gain (loss)
Unrealized capital gain (loss) on securities held in portfolio, based on a comparison of
current market price to original cost.
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Unrealized gains and losses-sometimes called paper gains and losses-are the result of changes in the market price of your investments while you hold them but before you sell them.

A brokerage firm that buys and sells commercial paper to make a profit.
Paper gain (loss)
Unrealized capital gain (loss) on securities held in a portfolio based on a comparison of current market price to original cost.
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Unrealized gains are also referred to as paper gains, which might turn into losses if the asset's value drops before its sale. Any gain realized upon the sale of an asset, known as a capital gain, is usually subject to taxation.

See also: Original cost, Expense, Expected return, Money market instruments, Fair value