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Forms are more structured than many documents you create in Word. Forms are designed to collect specific information in particular formats and are often submitted to other people for processing or approval. Expense reports, invoices, order forms, and registration forms are among the types of forms you might create in Word.
Although you can create a form for a single document, most forms are saved as a Word template so that they can be used more than once. Start with a blank template for a form you plan to design from scratch, or use one of the form templates available from Office.com as a starting point.