Schuldenschnitt — meaning in English
German → English · translate English → German instead
English meaning
- haircut noun The act of trimming or styling someone's hair, or the resulting style.
Senses
Schuldenschnitt is used for these senses in English:
- debt relief The partial or total forgiveness of debt.
- haircut (legal, business) A partial loss, financially: thus, 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); among investors, the negative return on investment from a losing proposition.
haircut — full definition
- noun The act of trimming or styling someone's hair, or the resulting style.
- noun In finance, a reduction in the value of an asset or in the amount creditors are repaid.