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 ?
That's why we caution people about cheap extension cords.
As decorations go up, extension cords will be widely used to carry electricity where it is needed.
It will also eliminate the need to have to slide extension cords across the hood of cars or trucks, thereby potentially damaging the paint job on the vehicle.
Extension cords, with their ability to bring any appliance or lamp within easy reach of an electrical outlet, are one of the most convenient products in the home.
We ran an extension cord to our other neighbor for a fan and light, so they don't mind the noise as much either.
When installing holiday lighting, avoid overloading a single wall outlet or extension cord.
And each and every year, he put up more and more lights but kept using that same scrawny little extension cord until one year his house had so many lights, it could be seen from outer space that is until he plugged in that scrawny extension cord that is and it melted and set his house on fire.
Buying one of our products will now be like buying an extension cord with a UL (Underwriters Laboratories Inc.
KEMP, Texas, April 12, 2013 /PRNewswire/ -- Larson Electronics Magnalight announced the release of a 4 outlet explosion proof extension cord.
19, 2013 /PRNewswire/ -- Larson Electronics has announced the addition of a 25 foot explosion proof extension cord with wet area suitability to its line of industrial grade electrical equipment.
Alex Pineda, 19, was given the job of holding up the extension cord that extended from the Virgin de Guadalupe display to a portable generator.
The small gauge is best for regular-size extension cord lengths.