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 ?
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.
CONCERNS The double dippers - those who believe that the economy could yet turn down again - are not going away any time soon
8 million and aims to address the general structure of the public service in Yemen as well as the issue of ghost workers and double dippers.
Another major new product is Del UK's Laughing Cow Cheez Double Dippers, joining Laughing Cow's existing Cheez Dipper brand.
Cheez Double Dippers have a unique combination of smooth creamy cheese, crunchy breadsticks and crispy bacon 'bitz'.
Due to the wide range of outlooks for 2010's investment and economic potential, the report explores a variety of themes that fall into four different camps: Inflation is Coming, V-Shaped Recovery, Slow but Growing, and Double Dippers.