munis
Variant of muni
muni
Definition
muni (myo̵̅o̅′nē)
noun pl. munis mu′nis
a municipal bond: usually used in pl.
munis Finance Definition
Pronounced
MU-nees, a shortened name for municipal
bonds, which are bonds issued by cities and states to finance the
governments expenses. Investors in munis dont have to pay federal income
taxes on the bonds and are sometimes exempt from state and local taxes as well.
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