A limit i.e. $lim_{x\to a}f(x)=f(a)$, is the idea of evaluating what happens when $x$ gets nearer and nearer to a certain value (namely $a$ here).
What we consider is what happens when we approach $a$ from the left and from the right, if we have a "well behaved" function, we expect that if we approach from the left or the right $\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,$ ($x\to a^-,\,x\to a^+$), then the both of the "limits" should be the same, and also the limit should be the function evaluated at that point.
A derivative, for example $\frac{df(x)}{dx}$, is a measurement of what happens to our function as our variable changes, "$dx$" represents an infinitesimally small change in $x$, so the derivative measures a rate of change, be that space ($x$) or time ($t$).