from Wiktionary, Creative Commons Attribution/Share-Alike License
- v. To use resources that legitimately belong to or are needed by one party in order to satisfy a legitimate need of another party, especially within the same organization or group; to solve a problem in a way that makes another problem worse, producing no net gain.
The expression refers to times before the Reformation when Church taxes had to be paid to St. Paul's church in London and to St. Peter's church in Rome; originally it referred to neglecting the Peter tax in order to have money to pay the Paul tax. (Wiktionary)
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