Mare Tranquillitatis is a lunar mare that sits within the Tranquillitatis basin. The mare material within the basin consists of basalt formed in the intermediate to young age group of the Upper Imbrian epoch. The surrounding mountains are thought to be of the Lower Imbrian epoch, but the actual basin is probably Pre-Nectarian. The basin has irregular margins and lacks a defined multiple-ringed structure. (wikipedia entry)
A mare is a "sea" or large circular plain. On the Moon they are named after latin terms describing weather and other abstract concepts.