Meaning of the word "on paper" in English

What does "on paper" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

on paper

US /ɑn ˈpeɪpər/
UK /ɒn ˈpeɪpər/
"on paper" picture

Idiom

in theory rather than in reality

Example:
The plan looks good on paper, but I'm not sure it will work in practice.
On paper, he's the perfect candidate, but his interview was terrible.