1. the act or process of cutting hair, especially on the head
2. a style in which hair is cut
3. a reduction in the value or amount of something, especially financial assets or debt
Usage: finance; informal

Examples

• I need to get a haircut before the wedding.
• She got a new haircut that makes her look younger.
• The barber gives excellent haircuts at reasonable prices.
• The bank took a 20% haircut on the troubled loans.
• Investors faced significant haircuts on their bond holdings.
• My son wants a trendy haircut like his favorite athlete.