the.com/haircut
The one purchase where you pay full price to get less than you started with.
means A trim or cut of the hair, done to style or shorten it — also finance slang for the reduced value someone accepts on a debt or asset.
from Straightforward compound of 'hair' + 'cut,' in plain use since the 1800s for the literal trim. The financial sense — accepting less than face value, as on a loan or bond — emerged in 20th-century market jargon, the metaphor being that the asset gets 'trimmed' down just like hair, losing length but staying recognizably itself.
- finance meaning
- Lenders take a haircut on risky collateral value
- bond markets
- Greece's 2012 debt haircut erased over 100 billion euros
- regret rate
- Most complaints arrive within the first hour, studies suggest
- tipping norm
- US barbers expect 15 to 20 percent, unlike most stylists