To eliminate 'h' from the denominator in the limit expression lim_{h->0}\frac{ln(2+h)-ln2}{h}, one can apply the definition of the derivative of the function f(x) = ln(x) at the point x = 2. This limit represents the instantaneous rate of change of the logarithmic function at that point, which can be computed as f'(2) = 1/2. The discussion also highlights the transformation of the limit into a logarithmic form, ln\left[\left(1+\frac{h}{2}\right)^{\frac{1}{h}}\right], to facilitate solving the problem. Understanding these concepts is crucial for correctly applying the derivative definition in calculus. The conversation emphasizes the importance of grasping the fundamental principles behind derivatives and their geometric interpretation.