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 ?
With financial help from Terra and Conoco Phillips, the brigade has issued 155 deep-fat fryers and 634 fused extension cables.
Founded by a team of optical engineers who pioneered VCSEL manufacturing, Opticis is the leading provider of optical extension cables and modules for digitally connecting peripherals to host devices.
It plugs into the terminal base and provides dual Proximitor functions for up to two NSv probes and their associated extension cables. The 3300 NSv proximity transducer system is designed for applications in which standard 5-mm and 8-mm proximity probe systems are too large.
Since the DTS intelligent scanner can be mounted in the plant or a test cell, shorter thermocouple wires and elimination of the need for extension cables can lower costs.
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." .
* Availability of PNP or NPN output, along with matching accessory extension cables in 2- and 5-M lengths.