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 ?
(The President wouldn't extend it by his own, on his own accord.
"If we extend our operating hours, the system will not be properly maintained.
"The bench hereby nullifies the controversies and interpretations of a previous verdict that the CA term can be extended for an indefinite timeframe," the verdict further stated.
Bankers need to have a better understanding of the circumstances in which additional branch hours will yield best return on investment The difficulty in understanding the profitability of an extended branch-hours strategy is that most banks also offer 24-hour online access, call center support, ATMs and night depositories to meet many the same needs as extended hours their branches.
Late last year, in response to the development of extended nursing practice roles, NZNO developed guidelines for nurses undertaking such roles.
As a result of the issuance of Letter 1153, the assessment statute was automatically extended for 90 days, giving the corporation's officers additional time to appeal the proposed assessment.
On an exhalation, bring your head back to a neutral position, keep the lift of your chest, and extend out over your right leg.
Those who wrote the act expected resistance to its sweeping grants of power, so they added a "sunset" provision stipulating that some of its surveillance powers "shall cease to have effect on December 31, 2005." President Bush wants the entire act extended but many in Congress, buttressed with years to study it and learn of its dangers to liberty, have seen enough and want to bury its extremely controversial portions.
As previously explained, FA 2000 extended a UK grouping to look through worldwide companies, such that it seems reasonable to extend the outcome of a successful M&S case to allow for the surrender of EU losses against U.K.
Acucorp was one of the first HP business partners to successfully port its extend product suite to OpenVMS on the Integrity line.
2053) which would extend discounted government Federal Supply Schedule (FSS) pharmaceutical prices currently enjoyed by veterans to the Medicare population.
The superficial muscles that extend the wrist and fingers are on the posterior side (knuckle side), as shown in Diag.