I don't get it either as when I try these things out I find that if a person 
has the  password that allows them to open the file, they can then modify it 
and store it back with the same name using Save.
And if I do this same thing and make the file Read Only it then opens up 
after I give it the password and says I can open it as read only or if I want 
to 
change the file, I can tell it that I don't want to open it as read only, and 
when I do it this way I can then change this file and save it with the same 
name in the same spot I opened it from.
Jerry.
I don't understand.
  The first password allows only access to view not edit.
 The second password allows full access to view and edit.
  Those with the first password thus can only view the file.  Then you give 
 both passwords to those you want to allow to view plus edit.
 
 Of course anyone with the right to view could do a simple cut and paste to 
 another document, and then outside Word delete the original file and 
 replace it with the copy.
 
 Bob J. 

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