the style in which someone's hair is cut, or an occasion of cutting the hair

She has a really awful haircut. 我的发型真难看。

I wish he'd get/have a haircut. 我希望他去理个发。

a reduction in an amount of money, such as the price of a share or bond

The crisis means that lenders will have to take a haircut (= accept that they have lost money because the value of the investment has gone down). 这场危机意味着债权人不得不接受削债。