The definition of anchor text is that it is the visible, clickable text in a hyperlink. In most browsers, it is light blue and underlined, such as this link to the dark peak homepage. In a word document you create a link in this way – Select the text or picture that you want to display as the hyperlink. On the Insert tab, in the Links group, click Hyperlink. You can also right-click the text or picture and then click Hyperlink on the shortcut menu.