What is a double dip fee?

Asked by: Kamryn Schulist  |  Last update: September 11, 2025
Score: 4.9/5 (2 votes)

Double dipping is the practice of receiving two incomes from the same source. In the financial industry, double dipping occurs when a financial professional makes money from both the commission and the fee associated to manage an investor's portfolio through a managed-money account.

What is a double dip transaction?

Double-dip transactions rely on the creation of a collection of direct and indirect claims to bolster lender recoveries; if any one claim, or class of them, were to fall away through the chapter 11 process, a double-dip lender's exposure could dramatically change.

What is the double dip rule?

Double-dipping refers to a driver who is attempting to use part of the mandatory eight consecutive hours of off-duty time as the additional two hours of off-duty time required in a day. This is prohibited by section 14(3) of the regulation. ['Hours of Service'] ['Hours of Service']

Why is double dipping illegal?

In all cases of double dipping fraud, at least one of the methods of receiving income is illegitimate because the receiver is not legitimately entitled to receive funds from the second source. The fact is, double dipping itself is not necessarily illegal—it depends on if one of the incomes is being drawn illegally.

How does double dipping work?

Key Takeaways:

Double dipping is an unethical practice whereby a broker places commissioned products into a fee-based account to earn money from both sources. Double dipping can lead to fines or suspensions from regulators for the offending broker or firm.

The truth about double-dipping

37 related questions found

What does double dipping mean in employment?

“Double-dipping” (sometimes called “overemployment”) refers to employees working multiple jobs, often full time. In many circumstances, the multiple employers are unaware of one another. Double dipping creates legal considerations and potential conflicts to address.

What is the double dip tax strategy?

The double dip refers to a plan in which both premiums and benefit payments are purportedly exempt from taxation. Such a proposition is naturally enticing to employers and employees.

How to find out if someone is working multiple jobs?

To determine if an employee works two jobs, you can look for signs such as decreased productivity, frequent absences, or suspicious behavior. Additionally, implementing monitoring software and conducting discreet inquiries can help uncover whether an employee is moonlighting.

Can you get STD from double dipping?

“For example, if someone has an open cold sore, the risk of transferring the herpes simplex virus through double dipping is much lower than from kissing.

Is double dipping a big deal?

What are the health risks associated with double-dipping? The primary concern with double-dipping revolves around the potential transfer of oral bacteria and saliva from an individual's mouth back into the communal dip, via some sort of dunking vessel.

Is double dipping an illegal sales tactic?

The chargeback-refund double dip is an increasingly prevalent ecommerce scam, which can cause considerable financial losses for affected companies. In short, it refers to various schemes to “have your cake and eat it too”, times two – that is: get a refund for an item. receive a chargeback for the same item.

What is a double dip will?

The 'Double Dip' Will Trust

Where business property is passed to a spouse on the first death, clever Will planning might provide that the business interest (or some of it) is moved into trust upon death, without IHT arising thanks to BPR.

What is double dipping tax?

Double dipping is paying for an expense on a tax-free basis and also being reimbursed (or receiving a tax deduction) for the same expense on a tax-free basis. This is forbidden by the IRS.

What is a double dip charge?

In the financial industry, double dipping occurs when a financial professional, such as a broker, places commissioned products into a fee-based account and then makes money from both the commission and the fee.

What is double dip in credit card?

Often, you can accomplish that by using the best credit card to enjoy the highest return for a specific purchase. But sometimes, you can go a step further. Enter "double dipping," or the practice of earning two (or more) different types of points on a single transaction.

What is the double dip method?

Double dip is a face and body painting technique where the artist creates petals with a brush loaded with one base color and then adds another color to the brush tip. This technique always creates a WOW effect when your customers see you using it, especially when you make a beautiful cluster of flowers, fast!

Can you get a Brazilian wax if you have HPV?

It is recommended to avoid sexual contact with the infected area during treatment, to protect the treated area of skin from friction and help it heal. If warts are in the pubic region, avoid shaving or waxing as this may cause further spread of the HPV genital warts into small areas of cut skin.

Can STD be spread on a bed?

Answer: Most STDs, such as chlamydia, gonorrhea, syphilis, herpes, and genital warts, are spread only through direct sexual contact with an infected person. Crabs (pubic lice) or scabies, which are often sexually transmitted, can be passed through contact with infested items like clothes, sheets, or towels.

Is it illegal to have two W2 jobs?

Working two full-time jobs is not illegal, but it may not be ethical and could violate company policies. Some companies require employment to be exclusive or must grant permission before workers take other gigs.

What are the signs of overemployment?

Detecting and Addressing Overemployment
  • Frequent absences or tardiness.
  • Unusual and inconsistent performance.
  • Desire to not have their photo on your company website or social media channels.
  • Frequent requests for schedule changes.
  • Inability to reach the employee during working hours on a sudden and consistent basis.

What is moonlighting?

Moonlighting is when someone works more than one job at a time. According to USLegal , moonlighting usually refers to when a person holds a second job outside of normal working hours. Therefore, someone could work a normal 9-to-5 job as a primary source of income but work at another night job to earn extra money.

Is double dipping legal?

It is a common white-collar crime that most people understand; however, fewer people have heard of the crime of double-dipping. This is an illegal practice that often happens when a broker handles a client's account for a fee and charges an additional commission fee, which allows them to obtain money using two methods.

What happens if you double dip?

The researchers estimate that sporadic double dipping at a real life party would, on average, transfer 50 to 100 bacteria from person to person per bite, depending on the size of the bowls and the consistency of the dips. Some dips seem to be riskier than others.

Why am I paying double taxes?

Double taxation refers to income tax being paid twice on the same source of income. This can occur when income is taxed at both the corporate and personal level, as in the case of stock dividends. Double taxation also refers to the same income being taxed by two countries.