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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.
Definition of 'hire purchase'. hire purchase. Hire purchase is a way of buying goods gradually. You make regular payments until you have paid the full price and the goods belong to you. The abbreviation HP is often used. ...the serious problem of hire purchase and credit card debts.