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English definition of “paper profit”

paper profit

noun [C or U] uk   us  
a profit that is shown in financial records but has not yet been made by a company, especially because it is waiting for payments it is owed: The company made a paper profit last year, but they still got rid of six employees.Profits and losses
(Definition of paper profit from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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