Legal Definition
In a legal context, 'limit' refers to a restriction, boundary, or constraint placed upon an action, scope, or quantity. It defines the extent of something, such as a financial ceiling, a defined scope of liability, or a maximum permissible threshold within a contract or statute.
Plain-English Translation
Imagine 'limit' as setting a rule for how much you can do or how much space you have to use. In law, it means setting a boundary—like deciding that the limit of the damage is here, or the limit of time allowed for a decision.