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English definition of “municipal”

municipal

adjective [before noun]     /mjuːˈnɪsɪpəl/
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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