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)
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Default as a noun and default as a verb are the same word, with a familiar English stress shift: nouns often take first-syllable stress, while verbs often take second-syllable stress, as with the different pronunciations of record. A New York City...
The slang phrase someone ate and left no crumbs means the person did something really well. In a previous call, a listener who works in theater noted the use of ate to mean “did something well,” as in they really ate that haircut! This...
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