haircut - definition and synonyms

noun [countable] 

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  1. 1
    an act of cutting someone’s hair

    He was badly dressed and needed a haircut.

  2. 2
    the style that your hair has been cut in

    a short stylish haircut

  3.   From our crowdsourced Open Dictionary
    a reduction in the amount of debt that will be paid back to an institution that has lent a lot of money

    Major French and German financial institutions will be saved billions of euros in payouts if – as expected – the 50pc haircut on Greek government debt does not trigger credit insurance contracts.

    Submitted by Harris Park from United Kingdom on 28/10/2011