rain insurance

rain insurance definition - business

rain insurance

Insurance coverage that reimburses a promoter for losses if an event is canceled or postponed because of rain. Coverage can be adjusted for specific amounts of rain and generally includes losses from reduced ticket sales.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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