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Syllable division derived from spelling — this word is not in the pronouncing dictionary, so no phonetic transcription is shown rather than a guessed one.
palmy is an adjective meaning "very lively and profitable". It carries one recorded sense.
very lively and profitable
“flourishing businesses”
“a palmy time for stockbrokers”
“a prosperous new business”
“doing a roaring trade”
“a thriving tourist center”
“did a thriving business in orchids”
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for palmy come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.