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Catchword for “take a haircut”
Catchword: take a haircut
Filed Under: , ,
Part of Speech: v. phr.
The part of speech reflects that used in the full entry, and not necessarily the part of speech as it is used in the quotation below.
Quotation: To account for the fact that the shares cannot be sold, FBR uses an accounting technique known as a “liquidity discount,” or, in the jargon of Wall Street, “taking a haircut.” Back to your house, the one with the value that increased to $300,000 from $200,000. If you decide to take out a home equity loan to pay your child’s college tuition, most lenders won’t let you borrow the full $100,000 increase in value. They’ll lend you only 80 percent of the value, which means taking a haircut of 20 percent.
Article or Document Title:
“Evaluating FBR’s Earnings: ‘Haircut’ or a Close Shave?”
Author:
Jerry Knight
Article, Document, Publication, Web Site:
Washington Post
Date of Publication:
Nov. 20, 2000
Page Number:
E01
This cite belongs to a full entry for take a haircut.
Posted 17 Aug 06 | Permalink | Tell a Friend

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