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 ?
A knotted extension lead is believed to have caused the fire at a property in Outram Street, Stockton, at 11.
Extension leads, notice boards and cushions, along with thousands of office and back-of-house furniture will also be up for sale.
WHEN EU Commissioners, aided and abetted by John Prescott, decided we are too dim to modify the wiring in our own homes, the private sector stepped in and produced multi-socket extension leads we now see around everyone's home.
Petrol mowers come into their own on lawns more than 150 square metres, as you don't need power sockets or extension leads.
I would like to warn everyone in Bahrain that the quality of extension leads and adapters manufactured in some Asian countries should be checked before use as I have purchased a number of plugs that have been melting and the fuses are not blowing if there is a problem and the terminals are loose.
Ziplock bags are useful for storing electrical items such as phone chargers, iPods and extension leads.
CONSUMERS are being urged to check their extension leads after a product on sale was found to be potentially dangerous.
8ft) extension leads make a smart outfit and PP3 9v batteries are supplied.
Other iMac-styled peripherals included opaque joysticks, tangerine network hubs and a selection of 4-plug power extension leads tastefully styled to match the color and line of the iMac.
Applications include mass transit, robotics, machine tools, welding equipment, extension leads, power cords and industrial and agricultural vehicles, plus COTS applications where Mil C qualification is not mandatory.