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limitation (n.)

late 14c., from Old French limitacion "restriction, legal limitation," and directly from Latin limitationem (nominative limitatio), noun of action from past participle stem of limitare "to bound, limit, fix," from limes "boundary, limit" (see limit (n.)). Phrase statute of limitations is attested by 1768; it fixes and limits the period within which an action must be brought.

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Definitions of limitation from WordNet

limitation (n.)
a principle that limits the extent of something;
Synonyms: restriction
limitation (n.)
the quality of being limited or restricted;
it is a good plan but it has serious limitations
limitation (n.)
the greatest amount of something that is possible or allowed;
it is growing rapidly with no limitation in sight
Synonyms: limit
limitation (n.)
(law) a time period after which suits cannot be brought;
statute of limitations
limitation (n.)
an act of limiting or restricting (as by regulation);
Synonyms: restriction
From wordnet.princeton.edu