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English definition of “haircut”

haircut

noun [C] (MONEY)    /ˈheə.kʌt/ US  /ˈher-/ specialized
a reduction in an amount of money, such as the price of a share or bond: The crisis means that lenders will have to take a haircut.
(Definition of haircut noun (MONEY) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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