A municipal bond, especially in U.S. finance slang

• A debt security issued by a state or local government

市政债券，尤指美国金融行业用语

• 由州或地方政府发行的债务证券

A facility operated by a municipal government

• For example a public golf course or a transit line

由市政府运营的公共设施

• 例如市立高尔夫球场或公共交通线路

The municipal government or the municipality

• A city or town administration, especially in financial contexts

市政府或市政当局

• 城市或城镇的行政机构，尤用于金融语境