- extension
- An increase in length of time specified in contract (e.g. of expiration date of lease, or due date of note).See also grace period.A part constituting an addition or enlargement, as an annex to a building or an extension to a house. Addition of existing facilities. Enlargement of main body; addition of something smaller than that to which it is attached; to cause to reach or continue as from point to point; to lengthen or prolong. That property of a body by which it occupies a portion of space. Newark Stove Co. v. Gray & Dudley Co., D.C.Tenn., 39 F.Supp. 992, 993.Commercial law.An allowance of additional time for the payment of debts. An agreement between a debtor and his creditors, by which they allow him further time for the payment of his liabilities. A creditor's indulgence by giving a debtor further time to pay an existing debt.Lease.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 additional period upon performance of stipulated act. An option for renewal implies giving of new lease on same terms as old lease, while an option for extension contemplates a continuance of old lease for a further period.Patents.Extension of life of patent for an additional statutorily allowed period.Taxes.Request for additional time to file income tax return beyond due date.Time.Extensions of time for performing an act that is otherwise to be done within time specified by court rule or order in civil actions is governed by Fed.R. Civil P. 6, in criminal actions by Fed.R.Crim.P. 45, and in appeals by Fed.R.App.P. 26
Black's law dictionary. HENRY CAMPBELL BLACK, M. A.. 1990.