Definitions

from The American Heritage® Dictionary of the English Language, 5th Edition.

  • adjective Municipal.
  • noun A municipal bond.

from The Century Dictionary.

  • noun A Hindu sage or ascetic, especially one who has taken the vow of silence.
  • noun One of the seven stars (the seven sages or rishis) of Charles's Wain, or the Dipper, in the constellation Ursa Major.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun finance A municipal bond
  • noun A facility operated by a municipal government, such as a golf course or train line
  • noun A Jain or Buddhist ascetic who has taken a vow of silence

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

Short for municipal

from Wiktionary, Creative Commons Attribution/Share-Alike License

From Sanskrit

Examples

  • Bloomberg News California accounted for about 4% of new long-term muni debt last year.

    Munis' Strange Supply and Demand

  • During the quarter, interest rates for long-term muni bonds shot up more than 1 percentage point, sending their prices lower.

    Fed Flags Spike in Muni Holdings by 'Household' Investors

  • And financial statements in muni-land aren't reviewed by the Securities and Exchange Commission, unlike those of public companies.

    Jumping Into Munis Requires a Leap of Faith

  • California accounted for about 4% of new long-term muni debt last year, according to Matt Fabian at Municipal Market Advisors.

    Munis' Strange Supply and Demand

  • As money-market funds shrink, so too will financing for businesses (money-market funds hold 36% of commercial paper), state and local governments (57% of short-term muni debt) and banks (21% of large certificates of deposit).

    On Money-Market Funds, Liquidity and Accountability

  • The fund ' s institutional shares, available for a minimum investment of $25,000, charge expenses of 0.3% annually, compared with nearly 0.9% for the average national intermediate-term muni fund, according to investment-research firm Morningstar Inc. Lower fees relieve pressure on managers to juice returns with riskier holdings.

    Three Muni-Bond Traps

  • Interest rates for the highest-quality long-term muni bonds have increased by more than half a percentage point since the beginning of November.

    Elephants Stampede Over Munis

  • That has boosted this market also, with prices of the highly rated, long-term muni bonds advancing almost 0.3 percentage point since Monday of last week.

    Flow of Build America Bonds Starts Strong

  • "It is some kind of short term muni-based piece of paper used as an alternative to [a] money market."

    'I Just Wanted to Play It Safe'

  • Some hedge funds are getting hurt because they count on being able to tap short-term muni debt for cheap funds.

    A new sore spot emerges:

Comments

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  • municipal

    March 16, 2009