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 ?
With ShowSize, you can easily view the space occupied on your disk, sorted by folders, by folder trees and by file extensions.
One of the reasons a virus propogates so quickly is because attachment file extensions can be easily hidden from the uninitiated, so when you receive an attachment with a sinister payload, it could only be labelled <attachment.
Smith said clients who gave her their companies' information in March often had to file extensions on their S corporation tax returns, which often led to an extension on their personal returns.
In addition, it offers batch converting of TIFF images to CMYK from RGB, indexed or lab, and batch correction of file extensions if they have been removed from the file name.
Simply give the backup set a name, specify which drives, folders or files should be backed up, create optional date filters or exclusions by file extensions, tell the Wizard which local or network drive should receive the backup, and specify how long you want to keep the backup set.
Additionally, extra security is provided as messages with file extensions, attachments or preset key words may be detected and deleted.
1 includes a new SDK -- Outside In File ID -- which employs a proprietary algorithm to identify file types without using unreliable file extensions or mime types.