A more thorough explanation:

Extension is when someone is given more time to complete a task or obligation that was originally agreed upon. This can be in the form of a written contract, verbal agreement, or other obligation.

For example, if someone owes money on a bill but cannot pay it by the due date, they may request an extension to pay it at a later date. Another example is when someone needs more time to file their income tax return, they can request an extension to file it after the original due date.

Extensions can also be granted for leases on real estate properties. For instance, if a tenant's lease is about to expire, they may request an extension to continue renting the property for a longer period of time.

Overall, extensions provide individuals with more time to fulfill their obligations and can help alleviate stress and pressure to meet strict deadlines.