Definition of "municipals" [municipals]

• Plural form of municipal. (noun)

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• "Many of California's long-term municipals, also have a "call" provision, meaning the state can choose to buy them back early at par."
• "New York issued long-term municipals carrying 8% interest coupons, also a notable first."
• "So the yield on tax-free municipals, which is normally way down in the hold, has suddenly been lifted far above those on taxable Treasurys."