like-for-like
adjective[before noun]
UKukus(abbreviationLFL)ACCOUNTING
like-for-likefigurescomparesales,financialresults, etc. in oneperiodwith those for thepreviousperiod, taking intoaccountexactlythe samenumberofstores,businesses,activities, etc. with no newonesadded:
Sainsbury'slike-for-likesalesin the secondquarterwere up by 1.2% on the sameperiodlastyear.
INSURANCE
used fordescribingsomething of the samevalue,quality, etc. thatreplacesalost,stolen, ordamagedpossession:
We willprovideyou with a like-for-likevehiclebecause weunderstandthat if you are used todrivinga high-performancecar, you will notwantto take astepdownwards.