An unrealised loss is a fall in the value of an asset a company still owns. Nothing has been sold, so no cash has left, but accounting rules force the decline onto the balance sheet and, for some portfolios, into equity.
未实现亏损 —— 公司仍持有某项资产，而它的
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Wall Street banks face an earnings test after a $270 billion slide 未实现亏损 —— 公司仍持有某项资产，而它的 · 第 7 张术语卡 | When yields jump, the bonds banks already hold are worth less. Those marks run through accumulated other comprehensive income and can eat into book value and buybacks. 未实现亏损之所以危险，不在于它本身，而在于它可能被迫变成已经实现的亏损 —— 一旦银行需要卖资产筹钱（应付存款流出或监管要求），账面亏损就立刻变成真金白银的损失。2023 年美国地区银行危机里，这一条正是导火索之一。反过来看也成立：如果银行能一直持有到债券到期，这些亏损就只影响账面净资产，不影响现金。所以「久期」和「流动性」是判断风险的关键词。 |