未实现损失通过继续持有资产，而不将资产套现然后使用获得的资金所得的损失。

Unrealized Loss A loss that results from holding on to an asset rather than cashing it in and officially taking the loss.

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根据当时的市场估计，雷曼兄弟的资产负债表受到的冲击来自大约250亿美元的不流动资产的未实现损失。

According to market estimates at the time, Lehman’s balance-sheet was under pressure from perhaps $25 billion of unrealised losses on illiquid assets.

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可能的答案这些问题包括论点，即投资者可以等待年前实现损失，并观察到季节性的市场作为一个整体。

Possible answers to these questions include the argument that investors may wait for years before realizing losses, and the observed seasonality of the market as a whole.

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