Procurement card or "P-card" means an account or physical card that represents an account governed by characteristics specific to a procurement card. These characteristics include limits of time, amount, access, and purchase category controlled by the local unit, local authority, or county college in accordance with an agreement with an issuer. While such cards may have the appearance of a credit card, such as Visa, MasterCard, American Express, or Discover, such general-purpose cards do not feature the controls that procurement cards have and as such are not permitted under N.J.A.C. 5:30-9A.1 et seq. A "Procurement card" or "P-card" may not be used by a Board of Education.
Procurement card or "P-card" means an account or physical card that represents an account governed by characteristics specific to a procurement card. These characteristics include limits of time, amount, access, and purchase category controlled by the local unit, local authority, or county college in accordance with an
Procurement card means a type of company charge card used for smaller purchases to achieve greater cost efficiency, control and convenience. Procurement cards are also known as Purchasing Cards, P-Cards or PCards;
Examples of Procurement card in a sentence
If you receive an award and do not currently accept the LaCarte card or have not already enrolled in EFT, you will be asked to comply with this request by choosing either the LaCarte Procurement Card and/or EFT.
The LaCarte Procurement Card will be used for purchases of $5,000 and under, and where feasible, over $5,000.
More Definitions of Procurement card
Procurement card means a credit card or purchasing card for staff to use in the procurement of low dollar value Goods and Services for the Municipality as authorized by the Treasurer.
Procurement card means a charge card issued to a governing body or its authorized representative for the purpose of purchasing goods and services pursuant to the provisions of this chapter.
Procurement card means a credit card or account used to purchase goods or services.
Procurement card means a financial transaction device as defined in section 301.28 of the Revised Code and as authorized under this section, but excludes any credit card authorized under section 301.27 of the Revised Code.
Procurement card. (a/k/a “P-Card) shall mean a credit card that may have programmed limitations with regard to the total dollar amount or with regard to approved vendors or merchandise that may be purchased on account.
Procurement card means a University credit card for purchasing and paying for small dollar transactions from off-campus vendors.
Procurement card means a charge card, with predetermined limitations, used by government agencies in place of cash or purchase orders for the purchase of goods, services, or construction.