Definition of municipal

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< Munich

municipal bond >

mu·nic·i·pal    (my-ns-pl) KEY 

ADJECTIVE:

1. 1. Of, relating to, or typical of a municipality.
   2. Having local self-government.
   3. Issued on the authority of a local or state government.
2. Of or relating to the internal affairs of a nation.

NOUN:

A municipal bond: invested in tax-free municipals.

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ETYMOLOGY:
Latin mniciplis, from mnicipium, town, from mniceps, citizen : mnus, public office, duty; see mei-¹ in Indo-European roots + capere, to take; see kap- in Indo-European roots

OTHER FORMS:
mu·nici·pal·ly(Adverb)