Limitation /(-tā"shŭn)/

Lim·i·ta·tion

Limitation

n.
  1. The act of limiting; the state or condition of being limited; as, the limitation of his authority was approved by the council.
    They had no right to mistake the limitation . . . of their own faculties, for an inherent limitation of the possible modes of existence in the universe.
    — J. S. Mill.
  2. That which limits; a restriction; a qualification; a restraining condition, defining circumstance, or qualifying conception; as, limitations of thought.
    The cause of error is ignorance what restraints and limitations all principles have in regard of the matter whereunto they are applicable.
  3. A certain precinct within which friars were allowed to beg, or exercise their functions; also, the time during which they were permitted to exercise their functions in such a district.
  4. A limited time within or during which something is to be done.
    You have stood your limitation, and the tribunes Endue you with the people's voice.
  5. A certain period limited by statute after which the claimant shall not enforce his claims by suit. (Law)

Phrases & Compounds
To know one's own limitations
to know the reach and limits of one's abilities.