In Brazil, limonada is typically made with limes (limões), which are green. It is not typical to make limonada with lemons (limões siciliano), which are yellow. Lima da Pérsia is another name for lemon, which is yellow.
However, in the United States, limonada is called lemonade when it is made from lemons (yellow), and limeade when it is made from limes (green).
Lima is a different fruit. Sweet and bigger than lemons and limes, more like a green orange but not as sweet and the sacks that have the littler juice sacks have a bitter flavor reason for most people opens the -gajo- peeling of the bitter skin to eat the little juice drops