Could one of you pros please define "Limited Registration" for me?

Here's the definition from the AKC website to check out:

http://www.akc.org/reg/limitedreg.cfm

Limited registration dogs cannot have their offspring AKC registered. It's a non-breeding registration. You can't show in conformation if your dog is Limited registration, but you can compete in every other event.

Thank you both for your rapid response. Much appreciated and very clear now