Single Purchase Limit definition
Single Purchase Limit means the maximum spending (dollar) limit a purchase cardholder is authorized to charge in a single transaction. Purchases shall not be split with the intent of and for the purpose of evading (1) the purchase card single purchase limit (limit is set by the County); and/or (2) limit(s) established for an individual purchase card; and/or (3) a competitive bidding requirement.
Single Purchase Limit means the maximum spending (dollar) limit a P/Cardholder is authorized to charge in a single transaction. Purchases shall not be split with the intent of and for the purpose of evading (1) the P/Card statutory single purchase limit of $5,000.00 (does not include Statewide Contract or payment of regulated utility transactions); and/or (2) limit(s) established for an individual P/Card; and/or (3) a competitive bidding requirement.
Single Purchase Limit means the maximum spending (dollar) limit a purchase cardholder is authorized to charge in a single transaction. Purchases shall not be split with the intent of and for the
Examples of Single Purchase Limit in a sentence
Single Purchase Limit (SPL) – The maximum spending (dollar) limit a P-Card is authorized to charge in a single purchase.
More Definitions of Single Purchase Limit
Single Purchase Limit means the maximum allowable value of a transaction authorized for a specific Cardholder on a specific P-card that is assigned by the P-card Issuer based on the instructions of the Administrator, which may vary from P-card to P-card but which shall not exceed
Single Purchase Limit means the dollar amount limitation of purchasing authority delegated to a Cardholder. This dollar limit may vary depending on the guidance from the SVPF or the CEO.
Single Purchase Limit means the maximum spending (dollar) limit a cardholder is authorized to charge in a single transaction. Purchases shall not be split with the intent of and for the purpose of evading (1) the P/Card statutory single purchase limit of $2,500.00; and/or (2) limit(s) established for an individual P/Card; and/or (3) a competitive bidding requirement.
Single Purchase Limit or “SPL” shall mean the maximum amount the Cardholder or the extension cardholders are allowed to purchase through his or her MasterCard, JCB, Visa, or China Union Pay Card/s at any one time.
Single Purchase Limit means the spending limit imposed on a Cardholder for an individual Transaction.
Single Purchase Limit means the maximum spending (dollar) limit a P-Card holder is authorized to charge in a single transaction. Purchases shall not be split with the intent of and for the purpose of evad- ing (1) the P-Card statutory single purchase limit of $5,000.00 (does not include Statewide Contract or payment of regulated utility transactions); and/or (2) limit(s) established for an individual P-Card; and/or (3) a competitive bidding requirement. “Split Purchase” means dividing a known quantity or failing to consolidate a known quantity of an ac- quisition for the purpose of evading a competitive bidding requirement. Conviction for making an acqui- sition by split purchase is a felony pursuant to the Oklahoma Central Purchasing Act.