municipal
/mjuːˈnɪsɪpəl/ adjective [before noun]Definition
› 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
(Definition of municipal adjective from the Cambridge Business English Dictionary
© Cambridge University Press)
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