PLAIN ENGLISH
What does Maker / Taker mean?
Maker/taker describes how an order interacts with the book. Limit orders that wait are usually makers, while immediately executable orders are takers.
IN THE WILD
How people use it
Used on prediction-market platforms and in event-contract trading.
EXAMPLE“Use a resting limit order if you want to be the maker instead of the taker.”
ALSO USED AS
maker · taker