Meanings
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1
adj
prosperous, flourishing, successful, or triumphant, especially in the phrase palmy days
She often recalled the theater's palmy days, when every performance sold out.
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2
adj
abounding in palm trees or made from palm leaves or sap
The travelers rested on a palmy shore shaded by tall trees.
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Etymology
From palm + -y. The figurative sense comes from the palm branch as an ancient emblem of victory and triumph, so palmy days are a period of flourishing success; the literal sense simply describes a place rich in palms.