Limit/ˈlɪmɪt/ Definition 1 of 5Pro Tip 1/2Regulatory Nature The term often relates to rules set by an authority like governments or institutions. The baggage limit for this flight is two suitcases. Pro Tip 2/2Implies Penalty Exceeding a limit can result in penalties such as fines or consequences. If you exceed the speed limit, you might get a ticket.