The phrase "like for like" implies a direct comparison. There are several synonyms for "like for like", including equivalents, comparable, even-Steven, equal, matching, parallel, and similar. These terms can be used interchangeably to mean that two things are being compared on an equal level. The phrase is often used in business and retail, where items are compared to determine their value or quality. For instance, a store might offer a like-for-like exchange if a customer received a damaged or defective product. It is also used in financial reporting, where companies report their financial results on a like-for-like basis to provide a more accurate comparison of performance over time.