Extension date

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Extension date

The day on which the first option either expires or is extended.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Extension Date

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 April 15. If a taxpayer is unable to make this deadline, he/she may ask the IRS for an extension until October 15. In this case, October 15 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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The Service argued that McKelvey should have recognized (1) short-term capital gain on the extension dates because the extensions resulted in taxable exchanges of the original contracts for the extended contracts under Sec.
Despite the extension dates, many have still not received this card.
The original Pickpocket Hall is over 500 years old and the later extension dates back around 300 years.
It is learnt, a few diplomats has already completed their 60 years of age and have been in service beyond the completion of their mandatory retirement extension dates.
Tom (Liam Vincent, taking over the part from John Kovacevich for most extension dates) is a doctor and humanist so high-minded he's perhaps never had any real fun--a husband by now wholly loathed by a volcanic wife whose reproductive time-clock is ringing off the hook.
Princeton's policy for tenure extension dates back to 1970, when female assistant professors were allowed to request a one-year extension for pregnancy, with a maximum extension of two years.