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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. A stock split is simply one share of stock being split into more shares. The size of the split is set by the company and represented with a ratio. A 1:2 stock split means that 1 share is split in to two shares.