haircut
C1CEFR level
60/100Rarity: rare
TechnicalRegister
A reduction applied to the value of collateral or the amount a creditor is repaid.
Lenders accepted a thirty percent haircut on the bonds to keep the company out of formal bankruptcy.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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