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definition. preserves (all) (co)limits, left/right exact [kostecki2011introduction, 4.13] [tt-002H]

A functor \(\mathscr {F}: {\cal C} \to {\cal D}\) preserves (all) limits and is called left exact iff it sends all limits in \({\cal C}\) into limits in \({\cal D}\).

Dually, a functor \(\mathscr {F}: {\cal C} \to {\cal D}\) preserves (all) colimits and is called right exact iff it sends all colimits in \({\cal C}\) into colimits in \({\cal D}\).