In finance, a haircut refers to the reduction applied to the value of an asset for the purpose of calculating the capital requirement, margin, and collateral level.

In the context of sovereign debt, it refers to the process of reducing the face value of outstanding debt securities, which in turn reduces the amount of principal that bondholders are entitled to receive.

Mitt Romney was the Republican Candidate in the 2012 US Presidential Election. He lost the election to Barack Obama who was the incumbent

The Igbo folklore tells the story of Chukwu(God) who sent a dog to deliver the secret of immortality to man, along the way the dog got distracted and never delivered the secret. So Chukwu once again sent the sheep but the sheep, too stupid, also failed to deliver. In time the first man died and was sprinkled with ash and therein, man lost his claim to immortality.

Institutional investors are specific investment banks, investment firms who manage multiple large funds and venture capital firms who invest in a series of different projects.

"School choice"" is the ideology that parents should have significant access to alternatives to public education for their children, such as private, selective or religious schools. Consequently, proponents of ""school choice"" support various schemes to support parents to send their children to non-government schools, such as government funding for private schools, tax concessions for providing additional scholarships, and a relaxation of school district laws.