Double Dipping


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Double Dipping

The practice of receiving two incomes from the same source. It especially, but not exclusively, refers to a broker placing commission-based securities into a fee-based account. This means that the broker receives both commissions and fees from transactions on that account. While this is not illegal in itself, double dipping must conform to the prudent person rule.
References in periodicals archive ?
To what extent are school districts in NYS engaging in the practice of double dipping?
Perry's double dipping only came to light when he ran for president and faced much tougher federal disclosure rules that require candidates to reveal retirement income.
There are approximately 6000 people who are getting FNPF and government pension and these are the people that FNPF and the Ministry will screen to avoid double dipping.
This is the double entitlement or double dipping dilemma.
Investigators call this type of scam double dipping because the claimant collects benefits while gainfully employed.
Attorney General Greg Abbott, the leading Republican candidate to replace the retiring Perry, is pushing ethics reform and recently told a TV station he wanted to prohibit double dipping by politicians.
"The policy concerning double dipping is a good policy and it needs to continue," McKinney said.
This goes beyond the intent of the statute --to prevent the double dipping of losses.
Budget deters "double dipping." In the late 1980s, the Federal Savings and Loan Insurance Corporation (FSLIC) agreed to compensate buyers of troubled thrifts for the difference between the book value and the ultimate sales proceeds of so-called covered assets acquired in the transactions.
A bill to ban "double dipping" by state elected officials, a practice brought to light during Gov.
In response to this "double dipping," section 1503(d) disallows the use of dual resident corporations' losses to offset any affiliated U.S.
Joe Driver, R-Garland, has been sentenced for "double dipping" - billing both his campaign and the state Legislature for the same expenses - opposition researchers in this primary season are scrambling for other examples.