MEANING: noun: A reduction in value.

ETYMOLOGY: From Old English hǣr + Middle English cutten. Earliest documented use: 1955.

NOTES: The term haircut is used metaphorically in many ways, such as when assessing the value of an asset pledged as collateral against a loan. For example, a bank might decide that an asset worth $1000 could take a 20% haircut and thus be used to secure a loan of at most $800. The term is also used for other reductions: a pay cut, a cut in benefits, a reduction in the repayment of a loan, etc.

FAIRCUT - an equitable division

HAIR CUTE - that's a fetching new "do" you just got

"HA" IS CUT - all the humor has been removed from my production