The notion of limit is one of the most basic and powerful concepts in all of mathematics. Differentiation and Integration, which comprise the core of study in calculus, are both products of the limit. The concept of limit is the foundation stone of calculus and as such is the basis of all that follows it. It is extremely important that you get a good understanding of the notion of limit of a function if you have a desire to fully understand calculus at the entry level.

You can find some basic results on limits here