What is a stamp?
A stamp, in a legal and financial context, refers to a small piece of paper typically affixed to documents to indicate payment of a fee or tax. These fees, known as stamp duties, are levied by governments on various legal documents, such as contracts, deeds, licenses, and agreements. The presence of a stamp signifies that the necessary duty has been paid, making the document legally valid and enforceable. Stamps often bear intricate designs or markings, serving both practical and aesthetic purposes. They play a crucial role in validating the authenticity and legality of official transactions and agreements.… Read more