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have hair

have hair v. phr. (of a financial transaction or investment) to be less than ideal; to be risky; to have complications. Editorial Note: Two common meanings of “to have hair” well-covered elsewhere are “to be old” and “to be manly, robust, or substantive.” (source: Double-Tongued Dictionary)

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  • Pure speculation, of course, but I wonder if this could be related to the informal term “hairy” meaning (according to wordnet) “hazardous and frightening; ‘hairy moments in the mountains’” (I would personally add some implication of complexity to much of the usage).  I could imagine someone in the financial industry using “having hair” as a jocular variant of “hairy” to describe a “hazardous and frightening” investment and having the phrase catch on as jargon.

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