The word "municipal" refers to something that belongs or relates to a city or town. It is often used to describe things that are managed or controlled by local government authorities. Full definition
To compile our list we have taken municipal data and ranked the cities in 22 categories and then given all the cities an overall ranking. (moneysense.ca)
Between them they spent billions of dollars investing in municipal bonds in one way or another since the turmoil in the credit markets began. (wealthdaily.com)
This means that you're able to buy $ 1,000 worth of municipal bonds for $ 950, $ 900, even $ 850. (fedweek.com)