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A 'reasonable person' is a legal fiction I'm pretty sure I've never met.
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Legal Definitions - paper loss
Study hard, for the well is deep, and our brains are shallow.
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Definition of paper loss
Definition: A decrease in value of an asset that is only on paper and has not been realized through a sale or disposition.
- Stocks that have decreased in value since they were purchased, but have not been sold.
- A house that has decreased in value since it was purchased, but has not been sold.
These examples illustrate how a paper loss is a decrease in value that has not yet been realized through a sale or disposition. The value of the asset has decreased, but the owner has not yet experienced an actual loss of money.
Ethics is knowing the difference between what you have a right to do and what is right to do.
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Simple Definition
A paper loss is when something you own, like a house or a stock, decreases in value and you lose money on it. It's called a paper loss because you haven't actually sold the thing yet, so you haven't really lost any money. But if you do sell it for less than you bought it for, then the paper loss becomes a real loss.
The law is reason, free from passion.
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