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 ?
Since 1992 the alternate format holdings of interested CANUC:H contributors have also been sent to the union catalog of the National Library Service for the Blind and Physically Handicapped at the Library of Congress (Lowenberg, 1998).
Although 20th Century Fox joined the Blu-ray Disc Association board in October, spokesman Steve Feldstein said Monday that the studio is active in the development and planning for both formats.
Document imaging systems that scan paper forms into electronic files for computer-based document management often use TIF because it is a standard file format in wide use by many imaging system vendors and system implementers.
1 as an important milestone in establishing a truly open and useful standard for document formats.
A "History" file, consisting of metadata stored in Resource Description Framework (RDF) format, that is updated with each significant event in the system (for example, when an item is updated or a bitstream changed).
Amazingly, some vendors of D2D backup systems have opted to discard the advantages of disk-based backup by making the disk systems emulate tape drives, including the use of proprietary data formats.
While Frost had other topics in mind at the time, his point is nonetheless applicable to today's companies that are using or considering linear tape formats such as DLT, S-DLT and LTO as their data storage solution.
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.
An electronic version will not only require computer hardware, but software, and this software will have to know the format of the journal to display it.
Between them, Samsung and LG introduced 65 new handsets with removable memory card slots in the last nine months, all of them using the microSD slot format," comments Stuart Robinson, Director of the Handset Component Technology service at Strategy Analytics.
While Super DLT (S-DLT) and Linear Tape Open (LTO) systems do have roadmaps to the future, neither format offers a compatible solution that can span the gamut of storage needs, from the entry or workstation level up to the "Super Drive" level.