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 ?
The program extension consists of eleven Visual Basic Forms with program codes.
The design and close tolerances of the body, diverter, plunger, and program extension rod prevent side-to-side movement of the mandrel during parison formation.
The Board's authorization of the repurchase program extension follows the previous repurchase program, which commenced on December 1, 2011 and runs until November 30, 2012.
The Farmer Paralegals Program aims to enhance the capacity of community-based farmer paralegals, members of the Barangay Agrarian Reform Council and other Agrarian Reform Advocates towards an effective partnership in Agrarian Reform Implementation and to fast-track Land Acquisition and Distribution (LAD) under the Comprehensive Agrarian Reform Program Extension with Reforms (CARPER).
The Senate appears set for action this week on its long-term National Flood Insurance Program extension bill after two compromises were reached on key issues.
1) This relocation assistance figure includes a $50 million set-aside for sect 8 rental assistance for disabled families, to carry out the provisions of the Housing Opportunity Program Extension Act of 1996.
As Q2 wound to a close, my phone began ringing with partners asking for a program extension," said Bob Gagnon, Unitrends VP of Channel Sales, "and I'm thrilled to announce we're going to do just that.
Reviewing of cases to determine if program extension is needed;
Monthly pricing for the Affiliate Program Extension is considerably lower than other affiliate program solutions.
With President Obama signing a 60-day National Flood Insurance Program extension bill late yesterday afternoon, a lapse in the program has been avoided, but industry officials are wasting no time looking to the next phase and calling on the Senate to act on a five-year extension.
P&G's alignment with the NFL PLAY 60 Super School program is to establish a unique program extension, finding the ultimate P&G Super Parent.

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