rob Peter to pay Paul


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rob Peter to pay Paul

Fig. to take or borrow from one in order to give or pay something owed to another. Why borrow money to pay your bills? That's just robbing Peter to pay Paul. There's no point in robbing Peter to pay Paul. You will still be in debt.
See also: pay, peter, rob

rob Peter to pay Paul

to borrow money from someone in order to give to someone else the money that you already owe them Then I'd take out another loan to pay my debts, robbing Peter to pay Paul.
See also: pay, peter, rob

rob Peter to pay Paul

Take from one to give to another, shift resources. For example, They took out a second mortgage on their house so they could buy a condo in Florida-they're robbing Peter to pay Paul . Although legend has it that this expression alludes to appropriating the estates of St. Peter's Church, in Westminster, London, to pay for the repairs of St. Paul's Cathedral in the 1800s, the saying first appeared in a work by John Wycliffe about 1382.
See also: pay, peter, rob

rob Peter to pay Paul

To incur a debt in order to pay off another debt.
See also: pay, peter, rob

rob Peter to pay Paul

Use funds from one source to repay a debt. If you use one credit card to pay off another, even if you're benefiting by buying time, you're robbing Peter to pay Paul. How the phrase came to be associated with what would seem to be the two apostles is a mystery, since neither was associated with precarious financial planning.
See also: pay, peter, rob
References in periodicals archive ?
While education funding is a perennial headache for the nation's LEAs, to rob Peter to pay Paul is no way to run a local authority, particularly when Peter represents some of the most needy and vulnerable in our society.
Many give way to the temptation to take no extra credit or to rob Peter to pay Paul, in order to give themselves and their children a good Christmas.
We've always sought the direct payment of rent because the tenants rob Peter to pay Paul," he said.
JS: I guess one would have to be truthful and say that if you are going to do a job in two areas you're going to have to rob Peter to pay Paul.
If the Government is saying it is going to rob Peter to pay Paul, and give all the money to middle-income earners, it sounds like an electoral bribe," said Mr Shepherd.
They had to rob Peter to pay Paul,'' said Terri Kasman, the county's chief accountant auditor, who has been working to reconcile LAHSA's numerous grants.
But Zuckoff argues that Ponzi thought he'd only have to rob Peter to pay Paul in the short term, and that eventually he'd figure out a way to make good on his wild promises.
Unfortunately, this is going to leave many authorities in a position where they are going to have to rob Peter to pay Paul.
Scully's plan is to rob Peter to pay Paul and by releasing so many fringe players is hoping to bring in six new faces for next season.
That kind of additional strength is what we need,'' Mayor James Hahn said, so the city can avoid being ``in the position where we have to rob Peter to pay Paul.
And at the moment we are having to rob Peter to pay Paul to keep going.