haircut reorganization
A restructuring that reduces the principal amount of indebtedness owed to creditors. • The more common usage is simply haircut [we took a haircut on that deal].
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haircut
haircut. 1. Securities. The discount required by the National Association of Securities Dealers on the value of stock that a brokerage firm holds in its own account at the time of filing a monthly report about the firm’s net capital condition. [Cases: Securities Regulation 40.13. C.J.S. Securities Regulation § 159.] 2. The difference between the