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 classic literature ?
They've only gone out jest far 'nough so's not to foul our cable.
When old Smallways died, Tom could think of nothing more striking to say of him than that, "When he was a boy, there wasn't nothing higher than your chimbleys--there wasn't a wire nor a cable in the sky
I was as positive that the other end of that little cable protruded through the surface of the inner world as I am that I sit here today in my study--when about midnight of the fourth day I was awakened by the sound of the instrument.
Standing over the labouring seamen, the young woman breathed a sigh of relief as the last strand of the cable parted and she knew that the vessel was on its way out of the maw of the savage Ugambi.
Have dismissed Cathcart for incompetence - road started - progress magnificent," he wired one week, and shortly afterwards a message came back - "Cathcart cables resigned - scheme impossible - shares dropping - wire reply.
What dud he do ot Voloparaiso but land sux hundred fathom o' chain cable an' take never a receipt from the lighter-mon.
The series of soundings taken by the Susquehanna, had for its aim the finding of a favorable spot for the laying of a submarine cable to connect the Hawaiian Islands with the coast of America.
In the Bay of Callao, during a calm day, I noticed, that as the ship dragged her cable over the bottom, its course was marked by a line of bubbles.
What has been trusted to me as the safest means of transmission, might, in an emergency, be committed to a cable.
Cutting the great cable into pieces, such as I could move, I got two cables and a hawser on shore, with all the ironwork I could get; and having cut down the spritsail-yard, and the mizzen- yard, and everything I could, to make a large raft, I loaded it with all these heavy goods, and came away.
The frigate, immediately upon coming to an anchor, got springs on her cables, and with he guns; cast loose and her men at their quarters, lay in the circular basin of Papeete, with her broadside bearing upon the devoted town; while her numerous cutters, hauled in order alongside, were ready to effect a landing, under cover of her batteries.
Do you know that, apart from endless cables, Washington has favored me with one hundred and forty pages of foolscap all about the events of the week before last?