Definition of “double-dip” - English Dictionary

“double dip” in Business English

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double dipnoun [ C ]

uk us

ECONOMICS →  double-dip recession

FINANCE a situation in which, if a company is sold, a shareholder has the right to receive both a particular price for their shares and money from the sale of the company’s assets

double-dipverb [ I ]

/ˌdʌbl̩ˈdɪp/ uk us 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 ]

The legislation would not outlaw "double dipping" - drawing a state salary for a full-time job and also being paid as a lawmaker.
double-dipper
noun [ C ]

The law will prevent double dippers, who draw two paychecks, from serving on the Joint Finance Committee, which writes the annual budget bill.

(Definition of “double dip” from the Cambridge Business English Dictionary © Cambridge University Press)