Definition 4.23.1. Let $F : \mathcal{A} \to \mathcal{B}$ be a functor.
Suppose all finite limits exist in $\mathcal{A}$. We say $F$ is left exact if it commutes with all finite limits.
Suppose all finite colimits exist in $\mathcal{A}$. We say $F$ is right exact if it commutes with all finite colimits.
We say $F$ is exact if it is both left and right exact.
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