municipal
adjective [ before noun ]
uk/mjuːˈnɪsɪpəl/ us FINANCE, STOCK MARKET
relating to municipal bonds (= bonds sold by a town or city government in the US):
Orange County issued $1 billion in municipal securities.
GOVERNMENT
relating to the government of a city or town, rather than the government of a country:
State and local issuers are swamping investors with about $2.4 billion in new municipal debt.
municipal authorities/councils/departments
municipal elections
municipal
noun [ C, usually plural ]
uk/mjuːˈnɪsɪpəl/ us FINANCE, STOCK MARKET
→ municipal bond :
The odds seem to favor selling instead of buying municipals.