a bond issued by a state, county, city, or town, or by a state authority or agency to finance projects.
noun 1. a mutual fund that invests in municipal bonds.
noun 1. a city, town, village, etc., that operates under a corporate charter granted by the state.
noun 1. a court whose jurisdiction is confined to a city or municipality, with criminal jurisdiction usually corresponding to that of a police court and civil jurisdiction over small causes.
[myoo-nis-uh-puh-liz-uh m] /myuˈnɪs ə pəˌlɪz əm/ noun 1. the principle or system of home rule by a municipality. 2. advocacy of such a principle or system.