IPA: //mjuˈnɪsɪpəl//
KK: /mjuˈnɪsɪpəl/
Relating to a city or town and its local government.
The municipal government is responsible for maintaining public parks and roads.
A type of bond issued by a local government or its agencies, often used to finance public projects and typically exempt from federal taxes.
Investors often buy municipal bonds because they offer tax advantages.
Municipal is formed from "muni-" (from Latin "municipalis", meaning pertaining to a municipality) and "-cipal" (from Latin "capere", meaning to take or seize). The word refers to something that is related to a local government or municipality, indicating its role in taking care of local affairs.
Think of 'municipal' as relating to a 'municipality' — a local government that 'takes care' of the community.