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 ?
Anyone with information is asked to contact DC Steve Tarver on 0345 113 5000 extention 7921 6725 or the Crimestoppers on 0800 555111.
Instead, Royal Mail is continuing to make cuts in workforce, extention of routes on deliveries which are severly destroying the service, which is all people want, their post on time.
Update and improvement of existing anti-harassment provisions of the Clinton Special District and extention of Hudson Yards anti-harassment provisions to the area of the Garment District between Eighth and Ninth Avenues.
Toll-free telephone: (800) BANKERS, extention 5355.
Tenders are invited for Sitc of 16 kva transformer & service connection at te bmp under sasaram ssa.( sh:- extention of 11 kv service connection with insulated abc 11 kv ht cable and allied works at te bmp under sasaram ssa.
Azadi Train journey was to conclude in Karachi but after extention more people would get an opportunity to enjoy Azadi Train.
The declared results included Ph.D Mass Com., M.Phil Mass Com, M.Phil Economics, M.Sc (Stat), M.Sc (Math), M.Sc (Hon) Rural Development, M.Sc (Hons) Agriculture Extention, MA (Education), and MA (Special Education) along with other programs.
M2 EQUITYBITES-November 22, 2011--Deep Sea Supply is pleased with contract extention from UK Enquest - CEO(C)2011 M2 COMMUNICATIONS http://www.m2.com
Anyone with information is asked to contact Solihull Police on 0345 113 5000 extention 7921 6568.
The 35-year-old centre-back, who has a year remaining on his current contract, was offered a further one-year extention at the club in an attempt to appease him.
The Hoboken/Jersey City waterfront--an extention of the Dowtntown Manhattan market--has garnered the most interest outside Manhattan.
Tenders are invited for Sitc of 16 kva transformer & service connection at te natwar under sasaram ssa.( sh:- extention of 11 kv service connection with insulated abc 11 kv ht cable and allied works at te natwar under sasaram ssa.