take a haircut v. phr. (in finance) to accept a valuation or return that is less than optimal, especially to partially forgive a debt. Editorial Note: A related term is take a bath, meaning “to suffer substantial or complete loss (of an investment).” (source: Double-Tongued Dictionary)
Further reading
What should you say to someone who is grieving the loss of a loved one? When a person is experiencing a loss like that, it matters less what you say and more that you show up in the first place. Non-verbal communication of your sympathy can be far...
Crossword puzzles are a marvelous mental workout. A delightful new book about them shares plenty of crossword lore and puzzle-solving tips. Also, performers who tell each other break a leg aren’t really hoping someone gets hurt. The phrase...
This phrase was also popular during the Argentian Debt Crisis earlier this century
See “And the Money Kept Rolling In (and out)”
Page 82 on google books:
http://books.google.com/books?vid=ISBN1586482459&id=oDdD87HSx2oC&pg=PA82&lpg=PA82&vq=haircut&dq=and+the+money+kept+rolling+in&sig=rGCQaVs8QNDIwUeRwvq0fm8hUfA