like-for-like Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “like-for-like” in the English Dictionary

"like-for-like" in Business English

See all translations

like-for-likeadjective [before noun]

uk   us   ( abbreviation LFL) UK
ACCOUNTING like-for-like ​figures compare ​sales, ​financialresults, etc. in one ​period with those for the previous ​period, taking into ​account exactly the same ​number of ​stores, ​businesses, ​activities, etc. with no new ones ​added: Sainsbury's like-for-like ​sales in the second ​quarter were up by 1.2% on the same ​period last ​year.
INSURANCE used for describing something of the same ​value, ​quality, etc. that ​replaces a ​lost, ​stolen, or ​damagedpossession: We will ​provide you with a like-for-like ​vehicle because we understand that if you are used to ​driving a high-performance ​car, you will not want to take a ​stepdownwards.
(Definition of like-for-like from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of like-for-like?
Add Cambridge dictionaries to your browser to your website

“like-for-like” in Business English

More meanings of “like-for-like”

Word of the Day


a musical instrument, especially one made from a skin stretched over the end of a hollow tube or bowl, played by hitting with the hand or a stick

Word of the Day

I used to work hard/I’m used to working hard (Phrases with ‘used to’)
I used to work hard/I’m used to working hard (Phrases with ‘used to’)
by Kate Woodford,
February 10, 2016
On this blog, we like to look at words and phrases in the English language that learners often have difficulty with. Two phrases that can be confused are ‘used to do something’ and ‘be used to something/doing something’. People often use one phrase when they mean the other, or they use the wrong

Read More 

farecasting noun
farecasting noun
February 08, 2016
predicting the optimum date to buy a plane ticket, especially on a website or using an app A handful of new and updated websites and apps are trying to perfect the art of what’s known as farecasting – predicting the best date to buy a ticket.

Read More