A spending limit is the maximum amount that a worker is authorized to spend on business-related purchases. example, a person may be allowed to stay in a hotel of $300 per night i.e. he can spend only $300 per night and can claim same
An approval limit is the maximum amount that a worker is authorized to approve for a specific business document. e.g. if the person is allowed to approve amount till $500 only; if amount goes above that it has to be approved by someone else
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