
das Lesezeichen
bookmark
An object, usually a strip of paper, fabric, or leather, that is placed between the pages of a book to mark a specific place.
Ich benutze eine alte Postkarte als Lesezeichen.
I use an old postcard as a bookmark.
bookmark
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bookmark
An object, usually a strip of paper, fabric, or leather, that is placed between the pages of a book to mark a specific place.
Ich benutze eine alte Postkarte als Lesezeichen.
I use an old postcard as a bookmark.

bookmark
A link saved in a web browser or software that makes it possible to quickly find a specific web page or a place in a document again.
Ich habe die Webseite in meinen Lesezeichen gespeichert, um sie später noch einmal zu lesen.
I saved the webpage in my bookmarks so I could read it again later.
The word consists of 'lesen' (to read) and 'Zeichen' (sign/mark). So it is literally a 'mark for reading' that shows where you want to continue reading.
Ohne Lesezeichen vergesse ich immer, auf welcher Seite ich war.
Without a bookmark, I always forget which page I was on.
You can tell from the context whether a physical or digital bookmark is meant. Words like 'Buch' (book) or 'Seite' (page) point to the physical meaning, while 'Browser' (browser), 'Webseite' (webpage), or 'speichern' (to save) refer to the digital meaning.
Kannst du mir bitte das Lesezeichen aus meinem Buch geben?
Could you please give me the bookmark from my book?
When referring to a physical bookmark, verbs such as '(ins Buch) legen' (to put/place in the book), 'benutzen' (to use), or 'verwenden' (to use) are used.
Ich lege immer ein Lesezeichen in mein Buch, bevor ich es schließe.
I always put a bookmark in my book before I close it.
With digital bookmarks in a browser, other verbs are common. You can 'speichern' (save), 'anlegen' (create), 'hinzufügen' (add), or 'löschen' (delete) a bookmark.
Diese nützliche Seite habe ich sofort zu meinen Lesezeichen hinzugefügt.
I immediately added this useful page to my bookmarks.
favorite
Favorit and Lesezeichen can both refer to a webpage access link saved in a browser. Favorit is often the term used by certain browsers, while Lesezeichen is more general and is also used for saved locations in documents. The terminology used by the program is therefore usually the deciding factor.

Ich speicherte die wichtige Webseite als Lesezeichen im Browser.
I saved the important webpage as a bookmark in the browser.
Ich speicherte die wichtige Webseite als Favorit im Browser.
I saved the important webpage as a favorite in the browser.