Definition of “municipal” - English Dictionary

(Definition of “municipal” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“municipal” in American English

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municipaladjective [ not gradable ]

us /mjʊˈnɪs·ə·pəl/

of or belonging to a town or city:

municipal services

(Definition of “municipal” from the Cambridge Academic Content Dictionary © Cambridge University Press)

“municipal” in Business English

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municipaladjective [ 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 elections

municipalnoun [ C, usually plural ]

uk /mjuːˈnɪsɪpəl/ us

FINANCE, STOCK MARKET →  municipal bond :

The odds seem to favor selling instead of buying municipals.

(Definition of “municipal” from the Cambridge Business English Dictionary © Cambridge University Press)