Schuldenschnitt

Debt haircut.

(SHOOL den shnit.)

3 thoughts on “Schuldenschnitt

  1. I think it’s more “cut” than “haircut” or, rather, “the (act of) cutting off”.

      • Indeed-e-o. These finance guys use weird words, such as “thought leadership”; you should do a WOTD on THAT one. But I guess it doesn’t matter what the jargon is, as long as the money that you make off the transaction is right.

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