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 ?
Deploying a D2D backup system using full file format eliminates the need to do an immediate restore, with administrators trying to recover files in a panic situation.
The first edition of the Encyclopedia of Graphics File Formats, published in 1994, has become the definitive reference to the bewildering array of file formats used to store graphics data such as vector graphics, ray tracing, black-and-white photographs, truecolor images, animation data, motion video, and multimedia data, O'Reilly says.
Ansys collaborated with several leading companies, led by Intel, to develop thermal model exchange standards that would facilitate easy data exchange and consolidate the many different file formats currently being used.
Regardless of the file format, financial information can be accessed quickly and shared with auditors, who then can develop programs to audit and analyze the information.
Selecting a binary file format with implicit structure is not a silver bullet.
The Office File Validation feature helps prevent file format attacks by scanning and validating files before they are opened.
The following file types are supported as attachments: .pdf Portable document format .jpg,.jpeg Image file format .tiff Tagged image file format .rtf Rich text format .txt Text format .xls Spreadsheet file format .doc, docx Word processing document formats .wpd Word processing document format
One of the many new features of Microsoft Office 2007 is that it utilizes a new XML-based file format, which is not directly compatible with previous versions of the product.
According to Microsoft, the vulnerability is in the way that PowerPoint parses the older file format used by those versions, and can be used by attackers to run additional malware and hijack the PC.<p>"The question is, when will it end?" said Andrew Storms, director of security operations at nCircle Network Security Inc., referring to the regular disclosure of vulnerabilities in Office applications' file formats.
A new file format, technical data management streaming (TDMS), aims to combine the strengths of each of these formats as well as to improve file storage.
Utilising the Acronis Virtual Live Data Format to separate hard disk contents from the underlying file format and platform dependency, it creates a transportable image, independent of the hardware flatform that, when used in combination with Acronis Universal Restore, can be restored directly to and from any virtual or physical machine.
Publisher Hachette Book Group USA has announced that it is to launch its entire e-book content in the new file format standard for e-books from the International Digital Publishing Forum (IDPF).