Catchword: take a haircut
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: The intent of such sessions is to identify what creditors will settle for. “But there was no goal seeking,…other than that everyone wanted 100 cents on the dollar. I think that nobody wanted to accept their fate, which was that everybody had to take a haircut.”
Article or Document Title:
“Living A Corporate Nightmare”
Author:
N.R. Kleinfield
Article, Document, Publication, Web Site:
New York Times
Dateline:
Valley Stream, Long Island
Date of Publication:
June 30, 1982