Pronunciation: (lim'i-tid),[key] —adj. 1. confined within limits; restricted or circumscribed: a limited space; limited resources. 2. restricted with reference to governing powers by limitations prescribed in laws and in a constitution: a limited monarch. 3. characterized by an inability to think imaginatively or independently; lacking originality or scope; narrow: a rather limited intelligence. 4. Chiefly Brit. a. responsible for the debts of a company only to a specified amount proportionate to the percentage of stock held.
b. (of a business firm) owned by stockholders, each having a restricted liability for the company's debts.
c. (usually cap.) incorporated; Inc. Abbr.: Ltd.
5. (of railroad trains, buses, etc.) making only a limited number of stops en route.