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definition. limit [kostecki2011introduction, 4.10] [tt-002A]

A cone \((V, \pi )\) on \(\mathscr {D} : {\cal C} \to {\cal J}\) is called a limit of \(\mathscr {D}\), denoted \[\lim \mathscr {D}\] if the diagram commutes for every cone \((V, \pi )\) on \(\mathscr {D}\).

The arrows \(\pi _J\) are called the projections of the limit.

Other possible terms of limit are limiting cone, universal cone.