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haircut (plural haircuts)
- The act of cutting of the hair, often done professionally by a barber, hair stylist, or beautician.
- The way hair is cut.
- (law) 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.
act of cutting of hair
way hair is cut