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haircut noun

  /ˈhɛə(ɹ)kʌt/
  • The act of cutting of the hair, often done professionally by a barber, hair stylist, or beautician.
 Haarschnitt, Haareschneiden
  • (legal, business) A partial loss, financially: thus, 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); among investors, the negative return on investment from a losing proposition.
 Schuldenschnitt
bob haircut
Bob
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