Municipal

Origin

From French municipal, from Latin municipalis ("of or belonging to a citizen or a free town"), from municeps ("a citizen, an inhabitant of a free town"), from munus ("duty") + capere ("to take").

Full definition of municipal

Adjective

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.

Synonyms

• civic

Derived terms

• municipality

Noun

1. (finance) A financial instrument issued by a municipality.
• 2008, April 21, Julie Connelly, Muni Bonds, Safe With High Yields, “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.