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 ?
12028 does not apply to extension cords, and cited a 1999 decision in which former ALJ T.
K3 Note: AED 799 + Gift voucher worth AED 200 + Powerbank + Selfie stick + Car charger + Extension cord
Finally, the extension cord needs to be verified to be suitable for the application.
According to the Consumer Product Safety Commission, misused or damaged extension cords cause about 3,300 residential fires each year, killing 50 people and injuring 170 others.
If you are repairing a cord that has been damaged elsewhere (not at either end) you can cut out the damaged section and add one male end to one portion, and one female end to the other half, creating two shorter extension cords.
The new Spectrums[R] CutMate[TM] air plasma cutter withstands a 15 percent voltage drop, minimizes nuisance trips with advanced diagnostic LEDS and expands work area because it can use an extension cord up to 133 ft.
With a VPN, the Internet can function as an extension cord connecting two PCs.
Last month's fire at Cafe Saint Moritz started when a cheap, abused and long-suffering extension cord in the mezzanine-level manager's' office ignited nearby combustibles in the 3,300-SF space managed by Moses Nosari Tucker Real Estate Inc.
A lifeless telephone cable reincarnated as a thousand-mile-long extension cord now connects land-based scientists to experiments at the bottom of the Pacific Ocean.
The system comes with a base unit, two wireless extensions and one phone extension cord.
Avoid using a lightweight extension cord to connect a heater.
You'll also need an extension cord to run from the light box to your wall outlet.