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What does haircut mean?

Looking for the meaning or definition of the word haircut? Here's what it means.

Noun
  1. The act of cutting of the hair, often done professionally by a barber, hair stylist, or beautician.
  2. The way hair is cut.
  3. (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.
  4. (finance) The difference between the value of a loan and the value of its collateral
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Examples
Like the yo-yo, the hula hoop, and the Mohican haircut, vehicle fads come and go.
He now has a pot belly while his Afro haircut of the 1980s has been replaced by a short-cropped style and his beard has gone from black to grey.
I had my Howard Jones haircut at the time, incongruous against my woggle and neckerchief.
He still had his signature haircut, the Afro, and he dropped his hands to his sides, walking toward me.
I thought she was, in a word, gorgeous, and I vowed to have that haircut, or die trying.
He was white, around 5ft 9in, stocky and muscular, with a crew-cut style haircut and he looked scruffy.

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