Extension

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Extension

Voluntary arrangements to restructure a firm's debt, under which the payment date is postponed.

Extension

1. In options, the expiration date. Occasionally the parties to an option contract will agree to extend the expiration to a certain date in the future.

2. In taxes, the day that one must file one's return if one asked the tax agency for more time to do it. For example, in the United States the deadline to file tax returns is 15 April. If a taxpayer is unable to make this deadline, he/she may ask the IRS for an extension until 15 October. In this case, 15 October is the extension date.

3. In an offer for bids on a contract, the date to which a deadline is lengthened. If there is either a lack of interest or no good bids on a contract, the company or government offering it may extend the deadline to allow other companies to decide whether to make a bid. This second deadline is the extension date.

extension

An agreement to defer the time for doing an act or for termination of a lease.

Extension

A provision thta allows additional time to perform an act required by the tax law or by regulation. The term is used most often when referring to an extension to file the tax return, but it also applies to extensions for making available elections.
References in periodicals archive ?
In July 2013, China BAK and the Dalian municipal government officially signed an agreement to invest in the power lithium battery project.
The BAK Interbody Fusion System has been implanted in approximately 50,000 patients to date.
We are very excited to see Healos in combination with our BAK implants move into full performance clinical trials.
At the Fair, China BAK will display its various battery products, including prismatic battery packs and lithium polymer cells for use in smartphones and tablet computers, and various battery modules used to power electric vehicles, e-bikes, uninterruptible power supplies and power tools.
This collaboration will develop the use of Healos in BAK devices as an alternative to the use of autograft (the patient's own bone) in BAK devices.
SHENZHEN, China, May 29, 2012 /PRNewswire-Asia/ -- China BAK Battery, Inc.