The Financial World is Steeped in Special Lingo

[Doug Harris]

>From the NY Times (today):
Updated: Verizon Communications is in talks to buy Alltel for about $27
billion . . .
. . . But some debt holders, including banks like Goldman and Citigroup who
are stuck with billions of dollars in buyout-related loans that they cannot
sell, may take _a steep haircut_.
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An odd turn of phrase, or mixed metaphor (undoubtedly by someone who never
met one s/he didn't like).
Google suggests the term is 'popular' with financial types, if you can
consider something earning 121 hits 'popular'.
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dh

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