1 the act or an instance of limiting; the process of being limited.
2 a condition of limited ability (often in pl.: know one's limitations).
3 a limiting rule or circumstance (often in pl.: has its limitations).
4 a legally specified period beyond which an action cannot be brought, or a property right is not to continue.
Etymology: ME f. L limitatio (as LIMIT)
Useful english dictionary. 2012.