Does Reaper have a limiter?
There are also several actual limiter effects in the JS effects library that comes with Reaper. Just open your FX browser and either search "limiter" or navigate to the JS section and scroll down a bit.
What does a limiter do in Reaper?
A limiter is a compressor with high ratio and normally a fast attack time, a ratio of 20:1 or more with fast attack time ensures the signal level won't pass the threshold.
What is a peak limiter?
The Peak Limiter object is used to prevent a signal from exceeding a specified peak level. When the input to the Peak Limiter exceeds the threshold, the Peak Limiter will reduce the volume of the signal instantaneously so the output does not exceed the threshold. ...