Anchor text sometimes referred to as clickable text, are the word or words which contain a hyperlink in a website or blog.
Anchor text provides the user relevant description or clarification about the link's destination. For example a hyperlink to the page “How to Create a Blog” will look like this.
<a href="http://makeablogtips.blogspot.com/2010/01/how-to-create-blog.html"> How to Create a Blog</a>
The Anchor Text in this example is " How to Create a Blog "