The Watermark option of the Properties dialog box lets you select the type of watermark you would like to add to your documents, as described below:
Watermark: You can specify the types of watermarks to add to the document.
Use project watermark: The project watermark is applied to the document.
No watermark: No watermark is applied to the document.
Text watermark: A text watermark is applied to the document.
Image watermark: An image watermark is applied to the document.
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