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 ?
At least 66,000 of these double dippers are in five states alone, California, New York, Texas, Florida, and Michigan.
The Minister valued the support provided by the UK to ensure the success of the political process in Yemen, pointing the Ministry's keenness to implement reforms and clear the public and military payroll from double dippers and ghost workers.
Nasser said that when the government lifted fuel subsidies last month, people feared that the savings could go to the tens of thousands of ghost workers and double dippers in the army.
The double dippers, those who believe the economy could yet stumble back into recession in the near future, are out there in force, as our coverage on Pages 4 and 5 of this supplement shows.
The USAID report said the Civil Service Ministry had launched reforms after discovering that up to 30,000 of its 473,000 employees were "ghost workers," who never showed up for work, or "double dippers" on more than one payroll.Aa
At least 40 Long Island school administrators were "double dippers," meaning they had retired and then returned to work as so-called interim employees.
"Double Dippers", with nacho chips and dips as a forerunner.
They touched upon the measures taken by the Civil Service Ministry to complete footprint and photo system to eliminate all ghost workers and double dippers.