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What is a 'hair cut' for a financial trader?

A 'haircut' is a loss in the value of a security: see here for an example.The term is currently in the news as bond holders face having to write-off a large percentage of the money owed by the Greek government.

Looks like the European banks are going to be wearing their hair very short this year!

Comments

  1. So good topic really i like any post talking about Ancient Greece but i want to say thing to u Ancient Greece not that only ... you can see in Ancient Greece Demography and the Spartan Economy and more , you shall search in Google and Wikipedia about that .... thanks a gain ,,,

    ReplyDelete
  2. Smart post admin but i think you need more explanation and more Pics
    and I hope to visit my blog and subscribe to me :)
    Ancient Greece Timeline and Ancient Greece Government

    ReplyDelete

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