extension

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Extension

An increase in the length of time specified in a contract.

A part constituting an addition or enlargement, as in an annex to a building or an extension to a house. Addition to existing facilities.

An allowance of additional time for the payment of debts. An agreement between a debtor and his or her creditors, by which they allow the debtor further time for the payment of liabilities. A creditor's indulgence by giving a debtor further time to pay an existing debt.

The word extension, when used in its proper and usual sense in connection with a lease, means a prolongation of the previous leasehold estate. The distinction between extension and renewal of lease is chiefly that, in the case of renewal, a new lease is requisite, while, in the case of extension, the same lease continues in force during an additional period upon performance of a stipulated act. An option for renewal implies giving a new lease on the same terms as those of an old lease, while an option for extension contemplates a Continuance of an old lease for a further period.

Request for additional time to file an income tax return beyond the due date.

extension

n. granting of a specific amount of extra time to make a payment, file a legal document after the date due, or continue a lease after the original expiration of the term.

extension

(Expansion), noun addition, amplification, augmentation, broadening, dilatation, dilation, distention, enlargement, growth, increase, innrease of size, increment, magnification, prolatio, spreading, stretching, supplementation, widening

extension

(Postponement), noun abeyance, added time, additional time, adjournment, break, continuance, continuation, deferment, deferral, delay, extra time, further time, intermission, moratorium, more time, pause, recess, respite, rest, stall, stay, suspension, suspennion of activity, temporary stop, temporary suspension
Associated concepts: extension for good cause, extension of payment, extension of renewal of note, extension of time
See also: accession, accretion, addition, additive, adjournment, adjunct, advance, appendix, appurtenance, augmentation, boom, continuance, continuation, deferment, development, enlargement, growth, increase, increment, inflation, insertion, latitude, magnitude, offshoot, organ, rider, stress, survival

EXTENSION, comm. law. This term is applied among merchants to signify an agreement made between a debtor and his creditors, by which the latter, in order to enable the former, embarrassed in his circumstances, to retrieve his standing, agree to wait for a definite length of time after their several claims should become due and payable, before they will demand payment.
     2. Among the French, a similar agreement is known by the name of atermoiement. Merl. Rep. mot Atermoiement.

References in periodicals archive ?
Assistant Head Teacher Emma Mills said: "We've had a new extention to create four new classrooms to accommodate our growing pupil numbers.
I'm very sure the club will be prepared to discuss an extention to Peter's contract.
3 - The third generation has been accompanied with the extention of human rights around the world, and the role of the international community, and the United Nations at the level of all humanity.
ADPnews) - Oct 14, 2009 - Lubomir Bugan, the insolvency administrator of Slovak low-cost air carrier SkyEurope, has received an extention by the court for compiling the list of claims against the company.
8 billion ($148 million) contract with a consortium of Italian companies for extention of the Alrar power plant project.
25% driven, in part, by Duke's extention of its lease until 2018.
It's amazing how they've filled all the other rooms and need an extention so soon after having the house built when there are just the two of them.
The cooperation is an extention to the relationship between Toyo and BASF as both companies have already successfully worked together on numerous projects including acid gas sweetening using BASF's aMDEA technology.
Toll-free tetephone: (800) BANKERS, extention 5355.
The White House is touting September 11 as proof of America's vulnerability to foreign attack and, by extention, need for a missile defense system (even though the attacks showed that our greatest vulnerability isn't from missiles).
CONTACT: Alison Delsite, Press Secretary of the Pennsylvania Office of the Lieutenant Governor, 717-705-0888, Extention 3002.