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if you want to insert a watermark in your document in Microsoft Word just go to the design tab then you see watermark so click on that then you can click custom watermark and type whatever you want to type so you can select a text Watermark or a picture watermark so you just type the text that you want to use as Watermark here then you click you can make it horizontal or diagonal you can also change the size the fonts the font size and fonts over here then you click apply and click ok or close