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English definition of “rain check”

rain check

noun [C]    
BUYING US a piece of paper that allows you to buy something at a low price although that thing is now being sold at a higher priceValue and price decreases
SPORTS US a ticket that allows you to see an event at a later time if bad weather stops that event from happeningTickets
take a rain check on sth something you say when you cannot accept someone's invitation, but would like to do it at a later time: I'm busy now, but can I take a rain check on that cup of coffee?Delaying and wasting time
(Definition of rain check noun from the Cambridge Learner's Dictionary © Cambridge University Press)

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