haircut Syllabification: (hair·cut)Pronunciation: /ˈheərˌkət/Translate haircut | into French | into German | into Italian | into Spanish Definition of haircut noun 1the style in which a person’s hair is cut. an act of cutting a person’s hair. 2 informal a reduction in the stated value of an asset:the banks would probably be willing to take a haircut on the resthaircut in other Oxford dictionaries Definition of haircut in the British & World English dictionary