haircut

Definition

The act of cutting of the hair, often done professionally by a barber, hair stylist, or beautician.

Etymology

From hair + cut.

Example Sentences

• "to take a haircut"
• "And he needs to make sure that any American bank that was involved in loans to Asia, and now wants to share in the I.M.F. bailout, takes a haircut. And I'm not just talking about a trim."
• "Its president, Nestor Kirchner, was expected to confirm overnight that about 75% of the country's bondholders had agreed to swap their old debt for new at a loss of up to 70 cents in the dollar—also a record and one that Mr Kirchner has called “the biggest haircut in history” for investors."