Definition, Meaning & Synonyms
muni
Noun
/ˈmjuːni/
Definition
A municipal bond or other investment in local government.
Examples
- The city issued a new muni to fund the construction of a park.
- Investors often prefer munis for their tax-exempt benefits.
- Buying munis is a way to support your local community while investing.
Meaning
Refers to investments made in bonds that are issued by local government entities, which are generally used to fund public projects and services.
Synonyms
- Municipal bond
- Local bond
- Government bond
