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 ?
A former car sales manager, who asked not to be named, says that extension cables should not be used in such circumstances.
Besides the new long-distance extension cables, ShowMeCables also carries a wide variety of shorter-range extension cables, as well as a number of other USB products, including adapters, extenders, and hubs and switches.
'We would never have thought an extension cable could cause this and would also ask others to be careful.
After hearing statements from fire investigators, coroner Christopher Sumners concluded the cause of the fire was a four gang extension cable in a rear bedroom.
According to the company, is also an ideal iPodshuffle companion as it can connect digital music players to any USB port including iMac G3, eMac and Apple Studio Display without an extension cable or dock.
Delimar Vera was thought to have been killed in the 1997 blaze in her family's home, consumed by the heat and flames of a fast-moving fire blamed on an extension cable for a heater.
They stole building material and extension cable. Saturday July 11 - Window of Fiat Punto smashed.
Eric Malcolm, 33, hooked up the live extension cable to the door to take his revenge on Tony Gilesnan, who had lived in the house with him for just three days.
Lindsay Parkes and her sons Ryan and Jordan raced out of their house as an overheated extension cable drum sparked a fire which left their home in tatters yesterday.
Like an episode of You've Been Framed sponsored by The Accident Group, each one shows a freeze-framed image of an horrific mishap unfolding The builder about to besquashed by a girder as he stumbles over a drill The office worker about to brain himself on a filing cabinet as he trips over an extension cable Or - the piece de resistance a chef plunging her hand into the deep fat fryer after slipping on spilt milk.
According to the company, RedRover enables users to control audio software whilst 10ft away from their computer, or further with an optional USB hub or extension cable.
Initial reports blame an electrical fault, with an extension cable thought to be the cause.