It is true above 10 or 20:1 is limiting.
Your definition for limiter is for a brickwall limiter (look ahead, fast attack) which makes it clean and could have a shorter name like Maximizer if you have some high and low filters included.
 

http://www.soundonsound.com/sos/jun07/articles/qa0607_5.htm
 
http://www.sweetwater.com...essor-limiter-leveler/
 
The articles have explanations.  I would add that a brick wall limiter will basically provide a hard stop for any transients above the threshold.
 
 

I just noticed cake put a bunch of plugs on sale and all of them at the discounted price except the concrete limiter. I'm assuming they did that just to vex me.
:(
WSS

I think missing the recent Memorial Weekend sale when the CL was $20 would really vex you.

Westside Steve
I just noticed cake put a bunch of plugs on sale and all of them at the discounted price except the concrete limiter. I'm assuming they did that just to vex me.
:(
WSS

The Concrete Limiter was on sale for $20 last month. That will probably only vex you more.
 
I'm sorry... but I've been there. :-/

Beepster

Westside Steve
I just noticed cake put a bunch of plugs on sale and all of them at the discounted price except the concrete limiter. I'm assuming they did that just to vex me.
:(
WSS

The Concrete Limiter was on sale for $20 last month. That will probably only vex you more.
 
I'm sorry... but I've been there. :-/

Well at least I still have time to get my bet in for the Triple Crown.
WSS

Boost 11 is quite useful, is included, and sounds ok if you don't push the crap out of it (I love the gui btw).
 
I did a really quick google search and found this one that may get you through until you can purchase the Cake version if you find you don't like boost 11
 
Kjaerhus Audio: Classic Master Limiter
http://www.vst4free.com/free_vst.php?plugin=Classic_Master_Limiter&id=1875
 
You have to click the little Win32 vst link to get it. I have no idea if any extra hidden "freeware" is included when you install it, but the name seems to ring a bell as a quality free plugin (someone here may have the answer to that question)
 
However the Cake limiter is fantastic and they have sales all of the time, so you'll be able to get it for a better price soon I'm sure.
 

There are quite a few freebie options. W1 isnice and compuyerbmusic gave a way a version of tonebooster barricade that I good as well

I like Voxengo Elephant.

I second Elephant though I nearly prefer the older version for simplicity.
It has too much stuff going on but my fault as had little time learning it.
Not as intuitive as earlier versions.
It is about the cleanest and is definitely a weapon to 
win the loudness war with.
I like Boost or Event Horizon on tracks when taming the odd peak or two.
EH has a soft knee.
Boost has a waveguide which can be handy for fine settings.