DOUBLE DIPPING Definition

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DOUBLE DIPPING is two incomes received from the same source (as by holding a government job and receiving a government pension.

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NET PROFIT is the companys total earnings, reflecting revenues adjusted for costs of doing business, depreciation, interest, taxes and other expenses. Same as Net Income.

DERIVATIVE LIABILITIES are financial instruments under contracts that have one or more underlying and one or more notional amounts. See DERIVATIVE.

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