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double-dip

[duhb-uh l-dip]
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verb (used without object), dou·ble-dipped, dou·ble-dip·ping.
  1. Informal. to earn a salary from one position while collecting a pension from the same employer or organization, especially to be a wage earner on the federal payroll while receiving a military retiree's pension.
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adjective
  1. of, relating to, or of the nature of a double dip.
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Origin of double-dip

First recorded in 1960–65
Related formsdou·ble-dip·per, noun

double dip

noun
  1. a complement equal to the original; a double measure: a double dip of protection through both insurance and Social Security.
  2. something that happens twice in a cycle, especially on a downturn: a double dip of recession.
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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

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British Dictionary definitions for double-dip

double dip

noun
  1. economics
    1. a recession in which a brief recovery in output is followed by another fall, because demand remains low
    2. (as modifier)a double-dip recession
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012