Main definitions of muni in English

: muni1muni2

muni1

noun

US
  • short for municipal bond
    • ‘But as dramatic as the ebb in equity and corporate bond market flows, we are witnessing an even more spectacular flow into the ‘safe-haven’ of Treasuries, agencies, munis and mortgage-backs.’
    • ‘As you might expect, high-yield munis are issued by states, cities or other municipal organizations with shaky credit.’
    • ‘The money invested in your business is by definition aggressive, and the rest of your money could be in munis.’
    • ‘He advises small investors to invest in munis through mutual funds, rather than buying individual bonds.’
    • ‘In this regard, it does not take a deranged imagination to see a potential train wreck developing in muni finance; faltering finances, mushrooming underfunded pension liabilities, and huge borrowing needs for as far as the eye can see.’
    • ‘That's why some investors turned to munis to generate interest income and a tax break at the same time.’
    • ‘For those who want to take some risk, consider munis from the New York City area.’
    • ‘You won't strike it rich with high-yield muni bonds, but in these miserable, low-yielding times, high-yield munis are an investment that should pan out.’
    • ‘What's a realistic expectation for investors in intermediate-term munis?’
    • ‘Excluding the bonds refinanced, the total amount of new money raised in munis during May was up 59% versus a year ago.’
    • ‘To be sure, there are only a few cases of public defaults on investment-grade munis - New York City in 1975 and the Washington Public Power Supply System in 1983 being the most notorious.’
    • ‘First, munis are offering attractive yields, at least compared with Treasuries.’
    • ‘If all of this sounds like too much work for a 4% or 5% yield, you can buy a muni mutual fund.’
    • ‘They say brokers, trying to make up lost income from stock trading, may be exploiting the low yields on taxable Treasury bonds to sneak through higher charges on munis, which are exempt from most income taxes.’
    • ‘For now, he cautions investors about putting money into municipal bonds or muni funds.’
    • ‘Fortunately, there are muni funds that hold few or no AMT bonds.’
    • ‘Buying munis directly, though, is not for most people.’
    • ‘A closed-end muni fund invests in a portfolio of municipal bonds - long-term IOUs issued by states, cities and other government entities, such as airports.’

Pronunciation

muni

/ˈmyo͞onē/

Main definitions of muni in English

: muni1muni2

muni2

noun

  • (especially in India) an inspired holy person; an ascetic, hermit, or sage.

    • ‘In May, Svetambara and Digambara Jain munis performed pratistha ceremonies installing a murti Mahavira.’
    • ‘It is sattvic food advocated by the rishis and munis of the ancient times, whereas nonvegetarian food is a product of violence as the animal is killed and cooked for eating purposes.’
    • ‘In the Satya yuga a white avatara appeared to Kardama muni to establish meditation as the process for self-realization.’
    abstainer, recluse, hermit, solitary, anchorite, anchoress, desert saint, celibate, puritan, nun, monk
    View synonyms

Origin

From Sanskrit, literally ‘silent’, from man ‘think’.

Pronunciation

muni

/ˈmo͞onē/