A paragraph style can use any type of formatting available for fonts or paragraphs, including those found by clicking:

• Format and Font; Format and Paragraph
• Format and Tabs
• Format and Borders And Shading.
• Format and Bullets And Numbering
• Tools, Language and Set Language

Paragraph styles are useful for applying formatting to large blocks of text.

Example
Click the arrow next to the Normal option and click Modify. Here’s where the formats reside. The style type is Paragraph, the font is Times New Roman, the size is 12 points, the alignment is left, and the spacing is single. This is the default style for new documents.