IPA: /ˈmuːnboʊ/
KK: /ˈmunˌboʊ/
A natural light display that occurs when moonlight is refracted through water droplets in the air, creating a rainbow-like effect, often appearing white or faintly colored.
We stood in awe as we watched the moonbow form over the waterfall.
Moonbow → The word is formed from "moon" (from Old English *mōna*, meaning the natural satellite of Earth) and "bow" (from Old English *boga*, meaning a curved shape or arc). A moonbow is an arc of light that appears in the sky at night, similar to a rainbow, but created by the light of the moon.
Imagine the moon creating a 'curved arc' of light in the night sky — that's what a moonbow is.
No commonly confused words.