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rob Peter to pay Paul

 
 
Reply Wed 21 Jun, 2006 01:05 am
Question What's the meaning of "rob Peter to pay Paul"?
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Type: Discussion • Score: 1 • Views: 500 • Replies: 4
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flyboy804
 
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Reply Wed 21 Jun, 2006 07:09 am
It means giving up one asset that you need to obtain another asset that you need; thus in gaining the second asset you lose the first asset and are no better off.
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Noddy24
 
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Reply Sat 24 Jun, 2006 10:52 am
People who spend more money than they have are always in debt. Frequently instead of spending less, they borrow money (or "appropriate money"--"borrow without asking") from one source to pay another.
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Vivien
 
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Reply Sat 24 Jun, 2006 10:57 am
for example you have the money for rent but no money for groceries - so you use the rent money to buy the groceries. Now you have no rent.
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emma198765
 
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Reply Tue 27 Jun, 2006 03:23 am
Thanks
I think it's very interesting,and thank you for your help.Thankyou! Surprised
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