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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.
A three-for-two stock split is defined as a corporate more to increase the number of stock shares on the market by giving shareholders three shares of stock in exchange for every two shares held, according to Investopedia. The split shares retain the same total stock value as before.