Virga
Virga are rains that trail below clouds and never touch ground. Β And if parts of the rains' icy contents evaporate without even liquefying first, that process is called sublimation. Β Nature sublimes and creates sublime virga.

I see you're just playing with words, and not really asking a question. But I shot a really good photo of virga a few years ago and thought I'd share it here. It is indeed a sublime phenomenon. Enjoy:Β http://heimhenge.com/skylights/2010/05/15/qa-rain-that-doesnt/
Brings to mind that classic by Stevie Ray Vaughan, "The Sky is Crying." Truly a beautiful phenomenon, especially around sunrise or sunset when you get the orange-red colors.
Thanks, especially for showing the distinction nicely, from 'ground' rain.
Sometimes the air in between the virga (or thereabout) is moist enough with the result that a rainbow is also hanging off ground.

Yes, I though the side-by-side comparison was a great way to show the difference. I've seen the type of "partial rainbow" you describe, but don't have my own photo. I did findΒ this one at AccuWeather.com. Not sure if it's in virga or just a highly localized rain shower. Hard to tell from the exposure, which was probably optimized for the faint rainbow. Is this what you meant by "hanging off the ground?"