limit (n.) Look up limit at Dictionary.com
c. 1400, "boundary, frontier," from Old French limite "a boundary," from Latin limitem (nominative limes) "a boundary, limit, border, embankment between fields," perhaps related to limen "threshold." Originally of territory; general sense from early 15c. Colloquial sense of "the very extreme, the greatest degree imaginable" is from 1904.
limit (v.) Look up limit at Dictionary.com
late 14c., "set limits to, restrict within limits" (also "prescribe, fix, assign"), from Old French limiter "mark (a boundary), restrict; specify" (14c.), from Latin limitare "to bound, limit, fix," from limes "boundary, limit" (see limit (n.)). From early 15c. as "delimit, appoint or specify a limit." Related: limited; limiting; limitable.