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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 company may split its stock, for example, when the market price per share is so high that it becomes unwieldy when traded. For example, when the share price is very high it may deter small investors from buying the shares, especially if there is a minimum trading parcel.