"like-for-like"

Posted by ESC on February 17, 2006

In Reply to: "Like-for-like" posted by chome on February 17, 2006

: "like-for-like"
: What does it mean? What is the origin and examples in use?

Guessing here. Could it mean tit-for-tat
Or does it mean finding a compatible person as a friend, life partner, etc.?

How is the phrase used?