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a bond issued by a state, county, city, or town, or by a state authority or agency to finance projects.


Read Also:

  • Municipal-bond-fund

    noun 1. a mutual fund that invests in municipal bonds.

  • Municipal-corporation

    noun 1. a city, town, village, etc., that operates under a corporate charter granted by the state.

  • Municipal-court

    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.

  • Municipalism

    [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.

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