Akademik

extension

Voluntary arrangements to restructure a firm's debt, under which the payment date is postponed. Bloomberg Financial Dictionary

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extension ex‧ten‧sion [ɪkˈstenʆn] noun [countable]

1. one of many telephone lines in a large building that all have different numbers, but that can be contacted through one central number:

• Put me through to extension 316, please.

• What's your extension number?

2. an additional period of time given to someone to finish a job, repay money that they owe etc:

• You can request an automatic four-month extension of the due date for paying your tax.

3. FINANCE BANKING when lenders agree to lend money for longer than was originally agreed:

• Lenders have given the retailer a five-year extension of a $87.4 million credit line.

4. LAW when a law, tax etc is changed to affect more things than before:

• an extension of the sales tax to various personal services and power utilities

5. PROPERTY another room or rooms that are added to a building:

• A 250-bedroom extension to the hotel will increase total capacity to 1,576 rooms.

6. COMPUTING a set of three letters that follow the name of a computer file to show what it is. For example, the extension '.doc' shows that a file is a written document

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extension UK US /ɪkˈstenʃ^ən/ noun

► [C or U] an increase in the period of time during which something is effective: grant/offer/receive an extension »When it failed to meet the deadline, the company was granted an extension.
»a three-month/two-year, etc. extension
extension to sth »The company has negotiated an extension to the deadline for its £275 million cash-and-paper offer, originally expected tomorrow.

► [C or U] the fact of giving or offering something to someone: »This cheap, available money led to the extension of credit around the world.

► [C] (ABBREVIATION ext., ABBREVIATION xtn) COMMUNICATIONS one of the phones in a large building that have their own numbers and are connected to a switchboard (= a piece of equipment used to direct all phone calls): »Please give me a call back at extension 1247.
»Can you put me through to Jan Robert's extension, please?

► [C or U] an increase in the size or range of something: »Most banks are recognizing that customers view Internet banking as an extension of existing services.
»We are committed to the extension of this tax credit to cover all children born after April 2010.
»The engineers have begun working on an extension of the canal.

► [C] IT the last part of the name of a computer file, which comes after a dot (.), and shows what type of file it is: »Be sure to leave the file extension unchanged.

► [C] UK (US addition) a new part that is added onto a building: »The bank syndicate will finance a $460 million extension to the car factory.

→ See also BRAND EXTENSION(Cf. ↑brand extension)

Financial and business terms. 2012.