haircut
//ˈhɛəˌkʌt//
Noun
haircutSingular
haircutsPlural
1
The act or process of cutting someone's hair.
I need to get a haircut this weekend.
2
The style in which hair has been cut.
I really like your new haircut.
3
(finance) A reduction in the value of an asset, especially as a condition of a loan or debt restructuring.
The bondholders agreed to a 30% haircut on their investments.