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 ?
Mayhap thou hadst better give an extension of his debt.
All this has given place to the simple plan of an indefinite extension among the neglected classes of both races of the Hampton-Tuskegee system of training.
Casaubon's mind, seeing reflected there in vague labyrinthine extension every quality she herself brought; had opened much of her own experience to him, and had understood from him the scope of his great work, also of attractively labyrinthine extent.
The bow and arrow was like an enormous extension of their leaping and striking muscles, so that, virtually, they could leap and kill at a hundred feet and more.
The engineer, who occupied the adjoining room, dropped in to meet the new hand and helped Martin rig up an electric bulb, on an extension wire, so that it travelled along a stretched cord from over the table to the bed.
Likewise he was made dizzy by this abrupt and tremendous extension of space.
He consented to help in preventing an extension of the franchise; but he refused to be concerned in obstructing the repeal of taxes on knowledge.
There were long moments of silence broken by nothing but the measured ticking of the clock, which seemed somewhat slower than usual, as if it were civilly granting them an extension of time in which to recover their wits.
After making the greatest opposition between thought and extension, Descartes, like Plato, supposes them to be reunited for a time, not in their own nature but by a special divine act (compare Phaedrus), and he also supposes all the parts of the human body to meet in the pineal gland, that alone affording a principle of unity in the material frame of man.
Whenever it is fully admitted, as I believe it will some day be, that each species has proceeded from a single birthplace, and when in the course of time we know something definite about the means of distribution, we shall be enabled to speculate with security on the former extension of the land.
Either he must repay the borrowed forty thousand pounds on the day when repayment was due, or he must ask Bulpit Brothers to grant him an extension of time, and so inevitably provoke an examination into the fraudulent security deposited with the firm, which could end in but one way.
Its jaws were pried apart to their greatest extension, and a stout stake, sharpened at both ends, was so inserted that when the pries were removed the spread jaws were fixed upon it.