Extension

(redirected from BAK)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.

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 ?
Dr Kluck said dimers of Bak and Bax break open the mitochondrial surface, but the mechanism remains poorly understood.
To prepare for BAK, the recommendation is that one be able to ride at least 30 miles in three hours.
Ham Kyong Guk, head of a workshop at the Pyongyang Steel Factory, told KCNA, ''Lee Myung Bak is worse than a beast and little different from scum.
Bak holds a PhD in cross-cultural history (on Anglo-Islamic relations 1575-1625) and a Master's of Library and Information Science, both from Dalhousie University.
The Bak Flip tonneau covers are made from impact resistant aircraft grade aluminum and can withstand up to 400 pounds of distributed weight on top of it.
Two artists in particular, poet Paul Celan and visual artist Samuel Bak, both Holocaust survivors, have used aspects of Surrealism to represent the nightmares of WWII.
Bret Schoolmeester was content to let Ryan Bak be king of the hill.
Bak said at the Fifth Annual World Congress on the Insulin Resistance Syndrome.
CEO Jason Bak today outlined potential solutions to regulatory issues facing the U.S.
UEFA are set to investigate Poland defender Jacek Bak's claims he was bribed before Wednesday's Euro 2008 qualifier against Belgium.
UEFAuefa are set to launch an investigation into claims by Poland defender Jacek Bak that he was offered a bribe before the Euro 2008 Qualifying match against Belgium on Wednesday.
"Beaumont represents an excellent opportunity to continue our focus on developing distribution centers serving the greater Los Angeles market," said Tom Bak, senior managing director of Trammell Crow Company.