municipals
- 1Plural of municipal.
The fund manager moved a large share of the portfolio into municipals last quarter.
Rising interest rates pushed the prices of long-term municipals sharply lower.
Note
A finance word in which an adjective has become a countable noun. Municipal, which normally describes anything belonging to a municipality, also names a financial instrument a municipality issues. Only that noun takes the plural -s, so municipals always means the securities themselves, never local or national affairs. It works as shorthand for municipal bonds: investors buy municipals, and prices of long-term municipals fall.
municipals is a form of municipal
municipal, noun: A financial instrument, typically a bond, issued by a municipality to raise funds. Full entry
- Forms
- municipalmunicipals plural
- Spelling
- municipal → municipals: add -s
- Sound
- The ending sounds like /z/.
Use it in a sentence
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