Definition of "munis" [munis]

• Plural form of muni. (noun)

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• "Besides well-publicized strains on local finances, there is growing recognition that investing in "munis" involves a leap of faith."
• "He is using them in the short end of a "muni barbell," or a portfolio that is weighted between short- and longer-term munis, with few maturities in between."
• "Long-term munis have fewer natural buyers—they are owned primarily by mutual funds and insurance companies, not retail investors."