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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

municipal  

Definition 1.

Pertaining to city government, as opposed to state or national government. From the point of view of an investor, the municipal government is a very important entity since they are large issuers of tax-advantaged bonds. Municipal governments issue bonds (sometimes called "munis") to raise capital for their day-to-day activities, and for specific projects that they might be undertaking (usually pertaining to development of local infrastructure such as roads, hospitals, etc).
 
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