So, let's say that you have been asked to make a toast at someone's retirement party. You need to be quite clear as to whether you need to give a speech or make a toast. Remember: toasts are short. Don't waffle on but a few well directed words before the actual toast are fine. If your job is to make a speech ending with a toast then I guess you could call it a toast speech.
In IE, the Favorites folder is located in %UserProfile%\Favorites, in which you can find all the Internet shortcuts of the web pages saved as Favorites. In Edge, the Favorites folder is now located at %UserProfile%\AppData\Local\Packages\Microsoft.MicrosoftEdge_8wekyb3d8bbwe\AC\MicrosoftEdge\User\Default\Favorites.
The first version of Edge stored the favorites as files, just like Internet Explorer did. So, you could use the File Explorer (plus some registry tweaks) to add, delete, rename files to manage your favorites. Although Edge could import favorites from other browsers, it could not export them. After the November Update to Windows 10, the Edge browser no longer stores them as files the way the used to be, and instead uses an internal Extensible Storage Engine (ESE) database to store favorites. So, this means that you can no longer use the File Explorer to manage your favorites.