municipal

Definition of municipal

Etymology

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

Adjective

municipal (comparative more municipal, superlative most municipal)

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

municipal (plural municipals)

1. (finance) A financial instrument issued by a municipality.
   
   * 2008 April 21, Julie Connelly, "Muni Bonds, Safe With High Yields", New York Times:
   "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.