noun🔗ShareThe act of cutting of the hair, often done professionally by a barber, hair stylist, or beautician."My daughter needed haircuts before her school dance. "appearancestylebodyChat with AIVocabulary GamePractice Reading
noun🔗ShareThe style into which the hair is cut."The twins got identical haircuts for their birthday. "styleappearanceChat 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."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. "businessfinancelaweconomyChat with AIVocabulary GamePractice Reading
noun🔗ShareThe difference between the value of a loan and the value of its collateral."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. "businessfinanceChat with AIVocabulary GamePractice Reading
