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.
Pronunciation: (dub'ul dip'), [key]
—v., -dipped, -dip•ping,
Informal.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.
of, pertaining to, or of the nature of a double dip.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.