1) A limit describes the value a function approaches as the input gets closer and closer to a certain value, even if it never exactly reaches it. 2) Geometrically, as a polygon's sides approach infinity, it approaches the shape of a circle but never perfectly reaches it. 3) Numerically, the sequences 1/n and n/(n+1) approach 0 and 1 respectively as n increases without bound. 4) Graphically, the function 1/x approaches 0 as x moves farther from or closer to 0, and a function's limit exists if the left and right-hand limits are equal.