Etymology
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limited (adj.)

"circumscribed within definite limits," c. 1600, past-participle adjective from limit (v.). The word was used earlier in a now-obsolete sense "appointed, fixed" (1550s). Limited edition is from 1869; limited monarchy from 1640s; limited war is from 1947. As a noun in railroading, 1878, short for limited express train (1875). In British company names, Limited (abbrev. Ltd.), 1855, is short for limited company, one formed under a law limiting the liability of the members for debts or obligations incurred by the company to a specific amount, usually the amount of their capital investment.

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Definitions of limited
1
limited (adj.)
small in range or scope;
a limited circle of friends
limited war
a limited success
limited (adj.)
subject to limits or subjected to limits;
Synonyms: circumscribed
limited (adj.)
including only a part;
limited (adj.)
mediocre;
Synonyms: modified
limited (adj.)
not excessive;
limited (adj.)
having a specific function or scope;
Synonyms: special
limited (adj.)
not unlimited;
a limited list of choices
2
limited (n.)
public transport consisting of a fast train or bus that makes only a few scheduled stops;
Synonyms: express
From wordnet.princeton.edu