Double Dipping
Type: noun
Pronunciation: /dub-ul-dip-ing/
Also spelled or known as: Dual Compensation
Related: Conflict of Interest
What does Double Dipping mean? The practice of receiving compensation from two different sources for substantially the same service or transaction.
In the music industry, the term may refer to collecting multiple commissions or fees where contractual or ethical standards prohibit doing so.
Double Dipping synonyms: Dual Compensation, Multiple Compensation, Duplicate Compensation
Example sentence: “The agreement prohibited double dipping on management commissions.”
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