haircut

  1. Noun.  The act of cutting of the hair, often done professionally by a barber, hair stylist, or beautician.
  2. Noun.  The way hair is cut.
  3. Noun.  (legal) 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.

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This entry was last updated on RefTopia from its source on 3/20/2012.