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Multiple transactions to the same vendor on the same day when the combined total of the orders exceed the Purchasing Card transaction limit of $2,500 is considered splitting purchase transactions. Whether the action is intentional or not, it is a violation of the SC Procurement Code.
GCIDE(0.00 / 0 votes)Rate this definition: 1  Split(v. i.) (Blackjack) To divide one hand of blackjack into two hands; -- a strategy allowed to a player when the first two cards dealt to the player have the same value. 2  Split(n.) (Finance) The substitution of more than one share of a corporation's stock for one share.