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Meaning of double dip

dou'ble dip'

Pronunciation: [key]
  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, esp. on a downturn: a double dip of recession.

dou•ble-dip

Pronunciation: (dub'ul dip'), [key]
— v., adj. -dipped, -dip•ping,
—v.i.
  1. to earn a salary from one position while collecting a pension from the same employer or organization, esp. to be a wage earner on the federal payroll while receiving a military retiree's pension.
—adj.
  1. of, pertaining to, or of the nature of a double dip.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.