noun🔗ShareThe act of cutting of the hair, often done professionally by a barber, hair stylist, or beautician."My son needed a haircut because his hair was getting too long. "appearancestylehumanChat with AIVocabulary GamePractice Reading
noun🔗ShareThe style into which the hair is cut.""I like your new haircut; it looks very stylish." "appearancestyleChat with AIVocabulary GamePractice Reading
noun🔗ShareIn a bankruptcy proceeding, the proportional reduction in the debt that will be paid to each creditor, based on an evaluation of the total debt owed and the total assets of the debtor."Due to the company's bankruptcy, the bank received a significant haircut on its loan, meaning it only recovered 60% of the money it was owed. "financelawbusinesseconomyChat with AIVocabulary GamePractice Reading
noun🔗ShareThe difference between the value of a loan and the value of its collateral."The bank's loan had a haircut of $5,000 because the house's value decreased. "businessfinanceChat with AIVocabulary GamePractice Reading
