noun Download 🔗Share The act of cutting of the hair, often done professionally by a barber, hair stylist, or beautician. Examples : "My daughter needed haircuts before her school dance. " appearance style body Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share The style into which the hair is cut. Examples : "The twins got identical haircuts for their birthday. " style appearance Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share In 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. Examples : "Because the company was deeply in debt and had few assets, creditors had to accept significant haircuts on their loans during the bankruptcy proceedings, meaning they would only receive a fraction of the money they were owed. " business finance law economy Chat with AIVocabulary GamePractice Reading
noun Download 🔗Share The difference between the value of a loan and the value of its collateral. Examples : "Because the bank applied significant haircuts to the value of my company's real estate used as collateral, we received a much smaller loan than we expected. " business finance Chat with AIVocabulary GamePractice Reading