take a haircut v. phr. (in finance) to accept a valuation or return that is less than optimal, especially to partially forgive a debt. Editorial Note: A related term is take a bath, meaning “to suffer substantial or complete loss (of an investment).” (source: Double-Tongued Dictionary)
You must log in to post a comment.
Sponsored in part by:
Brollies and Bumbershoots 04/16/2018: If you think they refer to umbrellas as bumbershoots in the UK, think again. The word bumbershoot actually originated in the United States! In Britain,... [more]
Cool Your Soup 04/09/2018: According to Nigerian writer Chinua Achebe, it's important to master the basics of writing, but there comes a time when you have to strike out... [more]
Put on the Dog 04/02/2018: Why isn't "you're welcome" the default response to "thank you" for everyone? Plus lies that kids tell, Philadelphia lawyer, cowbelly, skutch, mind-bottling vs. mind-boggling, tsundoku,... [more]
Fighting Artichokes 03/25/2018: What's in a mascot name? Maybe you're a fan of the Banana Slugs, or you cheer for the Winged Beavers. Perhaps your loyalty lies with... [more]
Gee and Haw 03/12/2018: The highly specialized vocabulary of people who work outdoors, communicating with sled dogs, a word from the sport of rock-climbing, church key, browse line, smeuse,... [more]
This phrase was also popular during the Argentian Debt Crisis earlier this century
See “And the Money Kept Rolling In (and out)”
Page 82 on google books:
http://books.google.com/books?vid=ISBN1586482459&id=oDdD87HSx2oC&pg=PA82&lpg=PA82&vq=haircut&dq=and+the+money+kept+rolling+in&sig=rGCQaVs8QNDIwUeRwvq0fm8hUfA