A watermark is nothing more than a graphic anchored in the header, so that
it appears on every page. In MacWord 2004, going to Insert | Watermark and
selecting "no watermark" might work.
If it doesn't work or you don't have MacWord 2004, then View |
Header/Footer, put the cursor in the header, select the watermark, and hit
delete. Since a document can have multiple headers, sometimes you have to
repeat this process for the First Page Header and the regular Header.
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