Unrealized Gain/Loss for Investment Accounts

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I just started an investment account and I have no idea what “Unrealized Gain/Loss” means. I’ve tried looking it up and asking friends but its just not clicking with me. Can anyone explain to me in the simplest terms possible with no jargon. Thanks!

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Let’s say in that account you put $100 in, and in the past month it’s grown to $110 (very good job). You have an “unrealized gain” of $10. Cuz you gained $10 dollars but you haven’t actually pulled it out of the account yet, tomorrow the market could crash and your account could drop to $90, now you’d have an unrealized loss of $10.

But until you actually pull the money out of the account, it is unrealized.

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