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Italian word francobollo comes from Italian bollo, Italian franco-
bollo (Italian)
First-person singular present tense of bollire Brand. Seal. Stamp.
franco- (Italian)
Franco- (relating to France, the French or the Franks). Free from duty.
francobollo (Italian)
Miniature (attributive, i.e. postage-stamp size) Postage stamp, stamp.