Extension

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Extension

Voluntary arrangements to restructure a firm's debt, under which the payment date is postponed.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

extension

An agreement to defer the time for doing an act or for termination of a lease.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.

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.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary
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.
He said,"Extention in Motel at Moenjodaro would be completed at a cost of Rs.
To take part contact Garretts Green Neighbourhood Team on 0845 113 5000 extention 7848 6253.