The term SET LIMITS ON can be summarized as RESTRICT, which is an 8 letter word. This phrase means to impose restrictions or boundaries on something, usually in order to control it. It can be used in a variety of contexts, such as setting limits on spending, setting limits on the number of people allowed in a certain area, or setting limits on the amount of time spent on a task. Setting limits can help ensure that people and resources are used responsibly and efficiently.