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TeachMeFinance.com - explain shave shave -- (1) to cut a price by a small margin. (2) reducing the amount a seller receives by raising the charge for handing the sale of a low quality financial instrument. historic definition... Shave -- An extra discount; a premium in addition to the rate of interest allowed by law. If a borrower receives $5,000 and gives his note for $6,000, with interest, the difference of $1,000 is a shave. To buy a note or other paper at a greater reduction than the amount of the legal rate of interest is to shave it. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.