Using the password is one method to unlock the MS Word document. Without the password, the content of your Word document stays protected from unauthorized persons. To unlock the Word file, you are required to enter the preset password. Passwords keep the file locked and secured until you unlock it to view or modify the document. If you have a contract, business plan, or any other sensitive document, you can set passwords using MS Word. One of the best ways, and surely the most popular method of protecting files, is assigning them passwords, and documents created with Microsoft Word are not an exception.