While the term has more specific meanings in finance, "haircut" it has been generalized to often mean "a small paycut". Wiki page with more info: http://en.wik

While the term has more specific meanings in finance, "haircut" it has been generalized to often mean "a small paycut". Wiki page with more info: http://en.wikipedia.org/wiki/Haircut_%28finance%29 http://en.wikipedia.org/wiki/Haircut_%28finance%29