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 ?
Utilization of the program extension "Diagram map creator" reduces manual work during map creation.
CLOAs are proofs of ownership given to agrarian reform beneficiaries under the Comprehensive Agrarian Reform Program extension with reform (CARPer) or R.
Matt Gannon, assistant vice president of federal affairs for the National Association of Mutual Insurance Companies, discussing the upcoming "Flood the Hill" effort, which involves 13 trade groups across multiple industries that will push for Senate passage of a National Flood Insurance Program extension starting May 7:
In a press conference, Alberto Jayme of Sulong Carper (Comprehensive Agrarian Reform Program Extension with Reforms), a national multi-sectoral alliance composed of church and farmers groups, lamented that even President Benigno Aquino III is helpless in pushing for the passage of House Bill No.
Industry leaders comment on topics ranging from a National Flood Insurance Program extension, to the consequences of soft-market pricing, and more.
A cadet training program extension to create additional pilots for China's Shenzhen Airlines, The extension of a long-term exclusive agreement for pilot training for Spring Airlines in Japan, An exclusive training agreement for pilot training with an undisclosed customer in Europe.
We already have about 60 coauthors for the amendment to Carper," Bello said, referring to the Comprehensive Agrarian Reform Program Extension with Reforms, which expired a year ago.
The Department of Agrarian Reform (DAR) assured on Monday that it will continue its land acquisition and distribution even if the Comprehensive Agrarian Reform Program Extension with Reforms (CARPER Law) ends in June this year.
WASHINGTON--A Republican member of the House Ways and Means Committee implored the Senate to act on passage of a five-year National Flood Insurance Program extension that includes reforms to the program.
Contract Awarded for Anzac Centenary School Link Program - Pilot Program Extension 2015-2016.
Under the Comprehensive Agrarian Reform Program Extension with Reforms (Carper), all assets recovered by the PCGG and all proceeds from the sale of illgotten property, except those set aside to compensate the rights abuse victims during martial law, would go to fund agrarian reformrelated projects.
Manila, Philippines - The Department of Agrarian Reform (DAR) assured Monday it will continue its land acquisition and distribution even if the Comprehensive Agrarian Reform Program Extension with Reforms (CARPER) Law ends in June this year.

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