BROWSE

Rain Check

What is 'Rain Check'

A rain check is a promise or commitment from a seller to a buyer that an item currently out of stock can be purchased at a later date for the current day's sale price.

Explaining 'Rain Check'

A rain check most commonly refers to a form of deferred compensation in grocery retail environments. When advertising a sale, a retailer is required to honor the discounted price of a product even when supplies run out. Customers can request a rain check — usually a paper voucher — if they are unable to purchase the advertised item during the sale period. The rain check ensures customers have the option to return and buy the item at the discounted price when inventory is restocked. However, retailers do not have to issue rain checks if the advertisement clearly states that supplies are limited or only available at select locations.

The Federal Trade Commission "Unavailability Rule"

After 1989, rain checks became a standard practice in grocery stores because the Federal Trade Commission (FTC) established the "unavailability rule." This federal law entitles consumers to receive rain checks, substitutes item of equal value or alternative compensation equal to the advertised items or discount.

Exceptions to Rain Check Laws

Individual states have their own consumer protection acts, which may expand the liability of retailers or subject a wider range of products to rain check laws. Some states limit the amount of time consumers have to redeem the rain check once they are notified of a restocked item.


Further Reading


Transport, the environment and economic policy
ideas.repec.org [PDF]
… Asset Pricing 11.1 Competitive Markets for Arrow–Debreu Securities 11.2 The First Theorem of Welfare Economics 11.3 The … decides she does not need to carry her umbrella with such a small risk of rain may decide … We can check whether inequality (1.3) is verified in Figure 1.1 …

Poverty and economic decision-making: Evidence from changes in financial resources at paydayPoverty and economic decision-making: Evidence from changes in financial resources at payday
www.aeaweb.org [PDF]
… Asset Pricing 11.1 Competitive Markets for Arrow–Debreu Securities 11.2 The First Theorem of Welfare Economics 11.3 The … decides she does not need to carry her umbrella with such a small risk of rain may decide … We can check whether inequality (1.3) is verified in Figure 1.1 …

Rain or shine: where is the weather effect?Rain or shine: where is the weather effect?
onlinelibrary.wiley.com [PDF]
… Asset Pricing 11.1 Competitive Markets for Arrow–Debreu Securities 11.2 The First Theorem of Welfare Economics 11.3 The … decides she does not need to carry her umbrella with such a small risk of rain may decide … We can check whether inequality (1.3) is verified in Figure 1.1 …

Financial Analysis of Rain tree (Samanea Saman) Plantations in BangladeshFinancial Analysis of Rain tree (Samanea Saman) Plantations in Bangladesh
ideas.repec.org [PDF]
… Asset Pricing 11.1 Competitive Markets for Arrow–Debreu Securities 11.2 The First Theorem of Welfare Economics 11.3 The … decides she does not need to carry her umbrella with such a small risk of rain may decide … We can check whether inequality (1.3) is verified in Figure 1.1 …

Hoffa Presents' Rain Check'Hoffa Presents' Rain Check'
heinonline.org [PDF]
… Asset Pricing 11.1 Competitive Markets for Arrow–Debreu Securities 11.2 The First Theorem of Welfare Economics 11.3 The … decides she does not need to carry her umbrella with such a small risk of rain may decide … We can check whether inequality (1.3) is verified in Figure 1.1 …

Hedging Risk with Derivatives in the Rain-Sensitive Hospitality IndustryHedging Risk with Derivatives in the Rain-Sensitive Hospitality Industry
journals.sagepub.com [PDF]
… Asset Pricing 11.1 Competitive Markets for Arrow–Debreu Securities 11.2 The First Theorem of Welfare Economics 11.3 The … decides she does not need to carry her umbrella with such a small risk of rain may decide … We can check whether inequality (1.3) is verified in Figure 1.1 …

Providing an Umbrella, Rain or Shine: Lessons for Latin America and the Caribbean from Korean Experiences in Productive Development FinancingProviding an Umbrella, Rain or Shine: Lessons for Latin America and the Caribbean from Korean Experiences in Productive Development Financing
publications.iadb.org [PDF]
… Asset Pricing 11.1 Competitive Markets for Arrow–Debreu Securities 11.2 The First Theorem of Welfare Economics 11.3 The … decides she does not need to carry her umbrella with such a small risk of rain may decide … We can check whether inequality (1.3) is verified in Figure 1.1 …