- Double dipping is defined as the act of getting compensation from two divisions of the same employer or putting food into a dip for a second time after it has already been bitten.
- An example of double dipping is to receive a pension as a retired military officer while working for the government as a civilian.
- An example of double dipping is to dip a piece of shrimp into cocktail sauce, bite it and then dip the bitten part back into the sauce.
- double dipper
- Present participle of double-dip.
double dipping - Investment & Finance Definition
The ability to deduct interest expense in two different tax jurisdictions at the same time. This is a creative, cross-border financing arrangement. Double dipping can also refer to any other similar situation in which a system is used to a person or company’s benefit.