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English definition of “double-dip”

double-dip

verb [I]
 
 
/ˌdʌbl̩ˈdɪp/ US FINANCE
to receive income from two places, for example from a government pension while employed by the government, or from two different government pensions: A loophole in federal law allows teachers to "double dip" in both a state retirement system and the Social Security system.
double-dipping noun [U] double-dipper noun [C]
(Definition of double-dip verb from the Cambridge Business English Dictionary © Cambridge University Press)
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