Split Transaction definition
Split Transaction means any transaction prohibited by law or University Regulation when an individual knowingly or intentionally divides a procurement with the intent to qualify as one or more small purchases; if, before dividing the procurement, it would not have qualified as a small purchase.
Split Transaction means a purchase in which you pay part of the purchase amount with your NinjaCard™ and the remainder of the purchase amount with funds from another source. A merchant may, but need not, allow you to conduct a Split Transaction if you do not have an Available Balance in your Checking Account sufficient to pay the entire purchase.
Split Transaction means a single transaction from the economic standpoint whose value is equal to or higher than the limits established by this decree that is carried out by way of more than one transaction, each with a value lower than such limits, effected at different moments and within a fixed lapse of time set at seven days, without prejudice to the existence of a split transaction when there are elements for considering it to be such;
More Definitions of Split Transaction
Split Transaction means a transaction in which an Authorized User instructs the merchant to initiate a Charge for part of the total amount owed for the purchase and the Authorized User pays the remaining amount of the purchase with cash or another card.