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lim·it  (lĭm′ĭt)n.1. The point, edge, or line beyond which something ends, may not go, or is not allowed: the 12-mile fishing limit; the limit of my patience.2. limits The boundary surrounding a specific area; bounds: within the city limits.3. Something that restricts or restrains; a restraint: The child needs to have limits put on his behavior.4. The greatest or least amount, number, or extent allowed or possible: a withdrawal limit of $200; no minimum age limit.5. Games The largest amount which may be bet at one time in games of chance.6. Abbr. lim Mathematics a. A number or point L that is approached by a function f(x) as x approaches a if, for every positive number ε, there exists a number δ such that │f(x)-L│ < ε if │x-a│ < δ.b. A number or point L that is approached by a sequence bn if, for every positive number ε, there exists a number N such that │bn-L│ < ε if n > N. Also called limit point.7. Informal One that is intolerable, remarkable, or extreme in some other way: That's the limit! the babysitter exclaimed after the child spilled a glass of milk.tr.v. lim·it·ed, lim·it·ing, lim·its To confine or restrict with