What is a rain control?

Rain check is a type of certainty that the offer extended currently, but not accepted, will still be available in the future. As far as finances are concerned, this is usually reflected in traders who allow customers to claim discounts or special prices for items that are currently advertised at these special rates, although the list of these goods has been exhausted. The idea is that in the future the trader will ensure more units of these goods and allow customers to be provided with rain control to buy these units at a promised discount price to pay standard rates. One of the best illustrations of this approach can be found at a company like a public golf course. When the player has already offered a payment for the use of the course and develops a rainstorm that prevents it from the course owner to enjoy the service already paid, the player provides a voucher or a note that can be used to use the device later without offering the second payment.

retailers often use rain control when demand for sale exceeds their expectations. Rather than disappointing customers who try to buy goods after the offer exhaustion, traders issue a promise or commitment to ensure other units and allow these consumers to buy units at a sale price. For example, if an electronics store operates a special price on a particular TV model and all sells at hand, the owner can issue rain checks to subsequent customers who are trying to buy a set before the official end of the sale. Once the model is complemented in the inventory, the owner will alert those customers who hold the vuper that the sets are available again and the vouchers can be applied in the specified time window. Assuming consumers present vouchers in this time frame, they can purchase sets at the previous selling price, even if the sale is over.

STThe general approach is found in situations involving secured loans and loan obligations (CBLO). The exact structure of this credit remark may be in the form of a bill of exchange in which the debtor agrees that the creditor repays within a certain date or after presenting the note by the debtor. Depending on the nature of this type of rain control, interest may be used on the amount due, which is also due to the date specified in the note. In all its forms, the rain control of the obligation between the two participating parties shall be laid down, and each party takes on specific obligations to complete the transaction in the mutual advantage of all involved.