Longman Dictionary English From Longman Business DictionaryRelated topics: Financemunicipalsmu‧ni‧ci‧pals /mjuːˈnɪsəpəlzmjʊ-/ noun [plural] FINANCE bonds ISSUED (=made available and sold) by local government authoritiesSYNMUNICIPAL BONDtax-free municipals ldoceonline.com