Focus on the pronunciation of paper loss
English definition of “paper loss”
noun [C or U] ACCOUNTING
› a loss in the value of an investment, etc. that appears in accounts, but that does not involve a real loss of cash, for example shares that have fallen in value but that have not been sold: The US banking giant was facing a paper loss of about $37.5 million. Some of the thousands of private investors sitting on big paper losses could still get their money back.