A double dip transaction is a financial arrangement through which it is possible to generate liquidity for companies already facing financial difficulties. With a double dip transaction, a company creates its own subsidiary with the sole purpose of raising funds trough a bond issuance. The proceeds of the bond loan are then lent to the parent company in the form of a guaranteed loan (i.e. the parent company provides its assets as collateral), thus generating different rights of recourse over the same collateral. The double dip transaction must be permitted by pre-existing bond contracts and loans.
Reported growth and operational growth both represent the growth in revenues over the previous year but differ for a key element: reported growth is the the growth in revenue as represented in compliance with accounting standard; operational growth is the revenue growth that strips out the effect of currency fluctuations, mergers and acquisitions (M&A) and divestments. You might be interested in: Operational growth