extension (redirected from extension base of benefits)

Extension

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

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extension

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

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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.