Unrealized capital gain/loss
An increase/decrease in the value of a security that is not "real" because the security has not been sold. Once a security is sold by the portfolio manager, the capital gains/losses are "realized" by the fund, and any payment to the shareholder is taxable during the tax year in which the security is sold.
Nearby TermsUnqualified opinion Unquinquagintillion Unrealized capital gain/loss Unrelated Business Tax Income Unseasoned issue
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University