Definition of "municipal"

municipal

/mjuˈnɪsɪpəl/

adjective
comparative more municipal, superlative most municipal
1. Of or pertaining to a municipality (a city or a corporation having the right of administering local government).
2. Of or pertaining to the internal affairs of a nation.
noun
plural municipals
1. (finance) A financial instrument issued by a municipality.
  Quotations
  “This might be the last great opportunity for preretirement baby boomers to buy municipals at such attractive levels,” said Janet Fiorenza, head of municipal fixed income at Lehman Brothers Asset Management.
  2008 April 21, Julie Connelly, “Muni Bonds, Safe With High Yields”, in New York Times‎