Haircut Definition
 hârkŭt 
  haircuts
  
    noun
  
 A cutting or clipping of the hair of the head.
 Webster's New World 
The style in which the hair is cut.
 Webster's New World 
A reduction, as in payment or value.
 American Heritage 
A financial loss, esp. a substantial one.
 Webster's New World 
(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.
Wiktionary 
Other Word Forms of Haircut
Noun
Singular:
 haircutPlural:
 haircutsHaircut Is Also Mentioned In
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