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Throughout times, people have worn their hair in a wide variety of styles, largely determined by the fashions of the culture they live in. Hairstyles are markers and signifiers of social class, age, marital status, racial identification, political beliefs, and attitudes about gender.
In finance , a haircut is the difference between the market value of an asset used as loan collateral and the amount of the loan.  The amount of the haircut reflects the lender's perceived risk of loss from the asset falling in value or being sold in a fire sale. The lender will, however, still hold a lien for the entire value of the asset. In the event the collateral is sold to repay the loan, the lender will have a higher chance of being made whole.
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