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, 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 local authority has spoken to the Slaithwaite man who has been charging his petrol/electric hybrid at home using extension cables trailing around 30ft down the pavement.
Louis-based online wholesaler of voice, audio, and data solutions, today announced the addition of long-distance USB 2.0 extension cables to its existing lineup of USB cabling products.
" We strongly advise people to regularly test electrical appliances - make sure they are in good working order and use manufacturers or fully tested extension cables, and remove multi- block plugs and replace with the safe and correct strip plugs." .
The selected pressure sensor can also be used remotely in conjunction with the supplied extension cable.
A couple had a lucky escape after an overheated extension cable is believed to have sparked a fire at their home.
He was believed to have touched an electrical extension cable with wet hands.
It's thought that 14-year-old Jennifer Hild plugged the stereo into an extension cable and perched it on a window- sill.
He is accused of throwing a bra and extension cable at her while she was in the bath and was bailed with conditions not to contact her.
A yellow extension cable and a large multi-function tester were also stolen, Anyone who was in the area at the time and who may have seen someone acting suspiciously or carrying a large amount of tools or equipment is asked to contact police.
Rubber insulation on an extension cable powering a light in the loft had worn to expose a live wire.
A DOUBLE fatal fire suspected of being an arson attack was caused by an electrical extension cable.
According to the company, the Wilson SIGNALBOOST comes with the universal-connect signal adapter, a six-foot extension cable and a cigarette lighter DC power supply for vehicle use.