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 ?
Watch manager Chris Coverdale said the blaze had been started by an extension cable drum which had not been unwound fully.
Crew manager Tony Rostron, from Huddersfield fire station, said: "A fire investigation expert was called in and discovered the extension cable was overloaded which caused it to overheat and burn out.
The extreme-temperature extension cable provides an extra probing distance of 92 cm (36 inches) and two different operational temperature ranges, depending on probe head configurations.
The new PC99 3-in-1 extension cable combines the keyboard, monitor and mouse leads to enable users to extend the distance between their CPU and the monitor and input devices using a single cable.
The Tx probe is a stand-alone item that has a built-in ST connector for quick and simple installation: install the Tx probe, connect the optical extension cable to any of Neoptix' fiber signal conditioners and to the probe, and the system is ready to sense the temperature.
Providing a true portable working environment with a flip-out USB connector and USB extension cable, the unit is highly compact and delivers high performance, low power consumption and superior reliability.
0 extension cable, a CD containing device drivers, ArcSoft MediaConverter 2 software, and a quick start guide.
9 ea of altman, phoenix 250w rgbw led profile 36 spot light, (black), w/ c-clamp, color frame, safety cable, 5~ 20a powercon to 15a male edison power cord; 9 ea of powercon extension cable, 12/3 sjow, 15 ft; 9 ea of 15~ 5 pin xlr datasure dmx cable; 1 ea of 4.
The 55-year-old had been reconnecting an extension cable to her lawnmower with the power still on when the accident happened.
For a comfortable fit, three sizes of earbud gel tips and an extension cable are also included.
Tenders are invited for Cable Route Tracer, Rd8000 Pdlb With Iloc, Tx-10 With Li-Ion Rechargeable Battery Pack And Mains Charger, Direct Connection Lead, 10Mtr Extension Cable, Earth Stake, Magnet, 4 Inch 100Mm Transmitter Clamp, Soft Bag.