Definitions for "Unrealized Capital Gain"
Keywords:  realized, hasn't, sold, gain, profit
A capital gain made only "on paper," that is, not realized until the fund's holdings are sold; also called paper profit or paper gain.
The gain in value of an asset that an investor owns, but has not yet sold. Only after the asset is sold does the profit become a "realized capital gain."
an increase in the value of an asset that has not been "realized" by the asset's owner, because the asset has not been sold