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 ?
Union catalogs for alternate format materials have been a major cooperative success.
We have not yet committed to publish either format,'' said Feldstein.
The most important consideration is that a generic document format must be universally useable, standard in technical specification over time, and sufficiently robust in capabilities to allow accurate, authentic content preservation and document format presentation.
1 addresses the features required by today's document-centric applications while taking document formats to a completely new level.
The file format, as defined in the internal format registry
The data reacquisition model is a radical change from traditional backup and restore technologies built around linear storage devices--tape, CD, MO and DVD--that read data sequentially and utilize proprietary file formats, meaning that the backup data files must be restored to disk before they can be accessed by network users.
Before Disney found first IMAX box office success by reformatting its animated classics ``Beauty and the Beast'' and ``Fantasia'' in recent years, it was slim pickings for IMAX and other large format exhibitors.
Jim Freidah, Global Graphics' chief operating officer comments, "The advantages of using one document platform are that printer manufacturers and application developers can standardize their solutions on one powerful and flexible platform for all their Page Description Language and other document format requirements.
To display the Format Data Series dialog, double-click the column.
The station, which boasts a format known as triple-A (adult album alternative), gave crucial early support to adventurous new acts such as Counting Crows, the Wallflowers, Joan Osborne and the Dave Matthews Band while maintaining support for Joni Mitchell, Little Feat and other important '60s- and '70s-based artists.