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in the PONS Dictionary

Pro·lon·ga·ti·on <-, -en> [prolɔŋgaˈtsi̯o:n] N f

1. Prolongation ECON (Hinausschieben eines Fälligkeitstermins):

Prolongation
extension
Prolongation
renewal
Prolongation beantragen
to ask for [or request] an extension
Prolongation erwirken
to get [or receive] an extension
jdm Prolongation gewähren
to grant sb an extension

2. Prolongation A form (Verlängerung):

Prolongation
extended run
er bat um eine Prolongation für die Abgabe seiner Doktorarbeit
he asked for an extension to the deadline for handing in his doctorate thesis

Prolongation N f INV-FIN

Prolongation (Kreditverlängerung)
rollover