REVENUE STAMP Meaning and
Definition
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A revenue stamp refers to a type of fiscal stamp or adhesive label used to signify payment of various taxes or fees. It is typically affixed to legal documents, commercial papers, or other instruments that require authentication or proof of payment. The purpose of a revenue stamp is to generate revenue for the government by levying taxes on specific transactions or activities.
These stamps often bear a denomination, usually representing the amount of tax due, and can display other pertinent information such as the issuing authority, location, or date. They may be printed in various colors or designs to prevent counterfeiting and authenticate the payment. Revenue stamps are commonly used on documents such as deeds, contracts, licenses, permits, and bank checks, among others.
The utilization of revenue stamps can vary across different countries and jurisdictions. They can serve as evidence of payment, ensuring compliance with legal and financial obligations, and may also function as a means of tracking specific transactions for regulatory or record-keeping purposes. The physical presence of a revenue stamp on a document provides reassurance to the parties involved that the transaction has been appropriately executed and carries legal validity.
Overall, revenue stamps play a crucial role in facilitating the collection of taxes and fees by governments while serving as an essential part of legal and financial systems, providing proof of payment and ensuring the authenticity and integrity of relevant documents.
Common Misspellings for REVENUE STAMP
- eevenue stamp
- devenue stamp
- fevenue stamp
- tevenue stamp
- 5evenue stamp
- 4evenue stamp
- rwvenue stamp
- rsvenue stamp
- rdvenue stamp
- rrvenue stamp
- r4venue stamp
- r3venue stamp
- recenue stamp
- rebenue stamp
- regenue stamp
- refenue stamp
- revwnue stamp
- revsnue stamp
- revdnue stamp
Etymology of REVENUE STAMP
The word "revenue" in "revenue stamp" comes from the Old French word "revenue" meaning "a returning". It ultimately traces back to the Latin word "revenire", which means "to come back" or "to return". The term "revenue stamp" refers to a stamp or a label affixed to various documents to indicate that a specific fee or tax has been paid to the government. The word "stamp" in this context derives from the Middle English word "stampen", meaning "to pound" or "to crush", reflecting the action of impressing or marking a document. Thus, the etymology of "revenue stamp" combines the concept of returning funds to the government with the act of marking or impressing.
Similar spelling word for REVENUE STAMP
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