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An affidavit of execution consists of three main components: the preamble, the body, and the jurat. The preamble is the introductory section, followed by the body, which is typically single-spaced with double spacing between numbered paragraphs. The jurat, located at the end, is where the deponent signs and is commissioned by a commissioner for oaths. A practical way to format the jurat is by using a table feature, as outlined in the accompanying video. This affidavit is commonly used whenever a document requires a commissioned signature, making it an essential tool for various applications.