Usually means: Take from one, pay another.
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We found 9 dictionaries that define the word rob Peter to pay Paul:

General (8 matching dictionaries)
  1. rob peter to pay paul: Longman Dictionary of Contemporary English
  2. rob peter to pay paul, rob Peter to pay Paul: Merriam-Webster
  3. rob Peter to pay Paul: Oxford Learner's Dictionaries
  4. rob Peter to pay Paul: Cambridge Advanced Learner's Dictionary
  5. rob Peter to pay Paul: Wiktionary
  6. rob Peter to pay Paul: Dictionary.com

Miscellaneous (1 matching dictionary)
  1. rob Peter to pay Paul: Idioms

Definitions from Wiktionary (rob Peter to pay Paul)

verb:  (idiomatic) 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.

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