Entries linking to watermark
Old English wæter, from Proto-Germanic *watr- (source also of Old Saxon watar, Old Frisian wetir, Dutch water, Old High German wazzar, German Wasser, Old Norse vatn, Gothic wato "water"), from PIE *wod-or, suffixed form of root *wed- (1) "water; wet."
To keep (one's) head above water in the figurative sense is recorded from 1742. Water cooler is recorded from 1846; water polo from 1884; water torture from 1928. Linguists believe PIE had two root words for water: *ap- and *wed-. The first (preserved in Sanskrit apah as well as Punjab and julep) was "animate," referring to water as a living force; the latter referred to it as an inanimate substance. The same probably was true of fire (n.).
"trace, impression," Old English mearc (West Saxon), merc (Mercian) "boundary, limit; sign, landmark," from Proto-Germanic *markō (source also of Old Norse merki "boundary, sign," mörk "forest," which often marked a frontier; Old Frisian merke, Gothic marka "boundary, frontier," Dutch merk "mark, brand," German Mark "boundary, boundary land"), from PIE root *merg- "boundary, border." Influenced by, and partly from, Scandinavian cognates. The Germanic word was borrowed widely and early in Romanic (compare marque; march (n.2), marquis).
The primary sense "boundary" had evolved by Old English through "pillar, post, etc. as a sign of a boundary," through "a sign in general," then to "impression or trace forming a sign." Meaning "any visible trace or impression" is recorded by c. 1200. Meaning "a cross or other character made by an illiterate person as a signature" is from late Old English. Sense of "line drawn to indicate the starting point of a race" (as in on your marks..., which is by 1890) is attested by 1887.
The Middle English sense of "target" (c. 1200) is the notion in marksman and slang sense "victim of a swindle" (1883). The notion of "sign, token" is behind the meaning "a characteristic property, a distinctive feature" (1520s), also that of "numerical award given by a teacher" (by 1829). To make (one's) mark "attain distinction" is by 1847.
In medieval England and in Germany, "a tract of land held in common by a community," hence Mark of Brandenburg, etc.