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All settings you expect can be set in this panel concerning the characters.
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Paragraph styles
Equal to the character styles, paragraph styles can be created.
The styles palette organises the styles. The settings are set in the Paragraph Styles settings panel
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Paragraph style settings
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In the paragraph style settings you can change settings concerning the paragraph as a block (alignment, ...) and settings influencing the characters in the paragraph.
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The next 4 checkboxes allow you to add element to the paragraph.
Background
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The background option creates a background for this background.
The corner (radius) sets the radius for the rectangle.
The color defines the background color.
The offset defines the margins for the background, with the distances from the virtual paragraph box.
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This options sets the parameters to strike the characters diagonal.
Rule above and Rule below
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Set the parameters for a stroke above or below the paragraph lines
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