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Definition Of Munis:

Pronounced MU-nees, a shortened name for municipal bonds, which are bonds issued by cities and states to finance the government's expenses.
Investors in munis don't have to pay federal income taxes on the bonds and are sometimes exempt from state and local taxes as well.

Other Definition Of Investment Terms:

Murabaha
Muriel Siebert
Musharaka
Mutilated Security
Mutual Company
Mutual Fund

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