That which terminates, circumscribes, restrains, or confines; the bound, border, or edge; the utmost extent; as, the limit of a walk, of a town, of a country; the limits of human knowledge or endeavor.(noun)
source: webster1913
verb (v)
place limits on (extent or access)(verb.change)
Example: Limit the time you can spend with your friends.
To apply a limit to, or set a limit for; to terminate, circumscribe, or restrict, by a limit or limits; as, to limit the acreage of a crop; to limit the issue of paper money; to limit one's ambitions or aspirations; to limit the meaning of a word.(verb)
source: webster1913
To beg, or to exercise functions, within a certain limited region; as, a limiting friar.(verb)