haircut

haircut
 v. phr.— «When individuals or businesses go bankrupt, banks are forced to take what bankers euphemistically call “a haircut.”» —“Writing off the debt” by Salil Tripathi Guardian (U.K.) July 8, 2005. (source: Double-Tongued Dictionary)

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Further reading

Blessing Box (episode #1613)

Is there such a thing as a “neutral” accent, and if so what does it sound like? And that quirk in the way southern Californians talk about freeways. They’ll say things like take the 405 and get on the 8. Why the definite article...