A directed limit (or codirected limit) is a limit of a functor whose source is a downward-directed set. The dual notion is that of directed colimit, a colimit of a functor whose source is an upward-directed set.
Note that the terminology varies. Especially in algebra, a directed limit may be called a ‘projective limit’ or ‘inverse limit’; it's also possible to distinguish these so that an inverse limit may have an arbitrary (possibly undirected) poset as its source. On the other hand, both terms are often used for arbitrary limits as an alternative to the ‘co-’ method of distinction. (The corresponding dual terms are ‘inductive limit’ and ‘direct limit’, with no ‘co-’ even though these are colimits.)
Directed (co)limits were studied in algebra (as projective and inductive limits) before the general notion of limit in category theory. The elementary definition still seen there follows.
Let be a category.
A projective system in consists of a directed set (which we will write directed-upward as usual), a family of objects of , and a family of morphisms, such that:
Then a projective cone of this projective system is an object and a family of projections such that
Finally, a projective limit of the projective system is a projective cone (where both and are suppressed in the notation, each in its own way) which is universal in that, given any projective cone , there exists a unique morphism such that
(where the left-hand is from the cone and the right-hand is from the limit).
Notice that a projective system in consists precisely of a directed set and a contravariant functor from (thought of as a category) to , while a projective cone or limit of such a projective system is precisely a cone or limit of the corresponding functor. So this is a special case of limit.
As with other limits, a projective limit, if any exists at all, is unique up to a given isomorphism, so we speak of the projective limit of a given projective system.
A projective limit in algebra is usually defined as a subalgebra of a cartesian product. To be precise, consists of those elements of such that:
This can be seen as a special case of the construction of an arbitrary limit out of products and equalizers.
A ring of formal power series? (for a field) is a projective limit of the rings (for a natural number). Here, is the category of rings, is the directed set of natural numbers, , and is induced by the quotient map (which must be proved well defined on for ).
Similarly, a ring of -adic integer?s (for a prime number?) is a projective limit of the rings .
A set of infinite sequences is a projective limit of sets of finite sequences (which, at the level of sets, includes the above examples).