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 ?
Officer Incharge Azadi Train Mohammad Haseeb told reporter that after extention people already started preparations to warmly receive Azadi Train.
The Planing Wing of the authority had completed the all codal formalities of extention from 25 acres to 80 acres.
The lunch was arranged to welcome extention of the Rectorship of Prof Malik.
Clubs are getting wise to costs, life is changing and as regards the likes of Gareth Barry, I would snap up an extention of my contract now.
"Basically, this is an extention of the existing tax incentives that have been signed into law in August, 1997," he explained.
Tenders are invited for extention of foam line, shifting of hvlr panel, supply submersible pump and extention of water and product drain for ag tanks
He said,"Extention in Motel at Moenjodaro would be completed at a cost of Rs.
THERE IS SEVEN (7) YEARS LEFT ON THE LEASE AND THERE IS NO PROBLEM FOR AN EXTENTION OF LEASE.
To take part contact Garretts Green Neighbourhood Team on 0845 113 5000 extention 7848 6253.
Tenders are invited for Renovation to ir and d sub.div ,pune-37( project branch extention,toilet block, garage extention and internal and external painting,watering proofing etc.
Air gun with flexible hose Air Vaccuum Cleaner with Flex Hose Weight: 0.67kgs Length: 145mm Average Air Consumption: 3.36cfm Two Way Function: Suction &amp Blowing Includes: Extention Pipe, Dust Bag, Rotatable Brush, Flexible Extention Hose, and Crevice Tool
Tenders are invited for Extention of additional 11 kv line through ht aerial bunched cable at masurhi bts under ara ssa.