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Warning
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LSDefine
Simple English definitions for legal terms
stamp
Read a random definition: Department of the Treasury
A quick definition of stamp:
STAMP:
A stamp is a special mark or seal that is put on a document to show that a certain tax, like a duty or excise tax, has been paid. It's like a little sticker that shows that the document is official and has been approved by the government.
A more thorough explanation:
Definition: An official mark or seal placed on a document, especially to show that a required tax, such as duty or excise tax, has been paid.
Example: When you buy a pack of cigarettes, there is a small stamp on the bottom of the pack that shows the tax has been paid.
Explanation: The stamp on the cigarette pack is an official mark that shows the required tax has been paid. This helps the government keep track of how much tax they are collecting from the sale of cigarettes.