automatic extension

automatic extension definition - finance
The extension that is granted by the Internal Revenue Service to taxpayers giving them 90 additional days beyond the April 15 deadline to file their tax returns.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.