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 ?
For the first time, women have the option to take proactive measures to protect their future fertility," said Christy Jones, founder and CEO, Extend Fertility.
Science - Extend Fertility's rights to the most advanced and
Extend Fertility(TM), a key provider of fertility preservation technologies and services, and Texas Fertility Center announced a unique, exclusive partnership to provide egg freezing services to women in Texas.
Through this Extend service, they now have the option of extending their fertility by preserving their eggs at a time when they are much healthier for use in the future.
6501(c)(4) would, by the same reasoning, be effective to extend the period of limitations provided for in Sec.
183(e), and thus postpones a determination of whether he is engaged in a particular activity for profit, the making of that election automatically extends the SOL, but only with regard to deductions attributable to the Sec.
The Java Verified Program was designed to identify enterprise applications that are specifically designed and built to be portable across compatible implementations of J2EE--a key differentiator for Novell with its Novell exteNd Web application development suite.
Novell does not force its biases upon customers, we offer the freedom of choice--you can deploy Novell exteNd to the operating system and J2EE application server of your choice.
ii) Consider such information in determining whether to extend credit.