Meaning of the word "better give a shilling than lend a half-crown" in English

What does "better give a shilling than lend a half-crown" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

better give a shilling than lend a half-crown

US /ˈbet.ər ˌɡɪv ə ˈʃɪl.ɪŋ ðæn ˌlend ə ˈhæf.kraʊn/
"better give a shilling than lend a half-crown" picture
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