Extension date

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Extension date

The day on which the first option either expires or is extended.

Extension Date

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 April 15. If a taxpayer is unable to make this deadline, he/she may ask the IRS for an extension until October 15. In this case, October 15 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.
References in periodicals archive ?
After reviewing the steps to complete the transaction, the time to complete each step, the impending closing date, and considering possible extension dates, each company determined it best to mutually release each other from the existing agreement.
Turner, President and CEO of Conmed stated, "Many of our medical service contracts have renewals and extension dates on or about the first of July and I am pleased to report the renewals and service additions to these eleven contracts at this time.
The Westfield Shoppingtown Plaza Bonita and Westfield Shoppingtown Capital Mall are cross-collateralized with a maturity date of July 10, 2003, and no extension dates.
The original Pickpocket Hall is over 500 years old and the later extension dates back around 300 years.
Princeton's policy for tenure extension dates back to 1970, when female assistant professors were allowed to request a one-year extension for pregnancy, with a maximum extension of two years.