Stative verbs (aka state verbs) describe a state, condition, or perception. The state can be physical, mental, or emotional (e.g., “be,” “believe,” “love”).
Dynamic verbs (aka action verbs) describe an action carried out by or on the subject (e.g., “eat,” “throw,” “run”). The action can be cognitive or sensory as well as physical (e.g., “he is thinking about buying a house,” “she looked at the schedule”).
Some verbs can be either dynamic or stative depending on whether they are describing an action or a state.