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Double Dipping |
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Double Dipping For brokerage firms, when a broker puts commissioned products into a fee-based account. The broker makes money from both the client and the commission. Notes: There is more than one meaning for the term depending on the context. For example, the practice of drawing two incomes from the government, usually by holding a government job and receiving a pension, is also referred to as double-dipping.See also: Broker, Bucketing, Bucket Shop, Churning, Circular Trading, Front Running, Guilt Edged Investment, Jitney, Pump and Dump |
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Harrison: "One article accuses farmers of double dipping because they may receive crop insurance and ad hoc disaster assistance on the same crop, but then contradicts itself by acknowledging that '[t]hose farmers have come to depend on both crop insurance and disaster payments, which together allow for covering up to 95% of the value of their crops. I believe that would be double dipping, wouldn't it? This goes beyond the intent of the statute--to prevent the double dipping of losses," the Institute said. |
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Double Dipping
