Definition of posits:
(v) :
To assume the existence of; to postulate.
(v) :
To propose for consideration or study; to suggest.
(n) :
Something that is posited; a postulate.
(v) :
To put (something somewhere) firmly; to place or position.
(n) :
(computing) A number format representing a real number consisting of a sign bit, a variable-size "regime" part (which modifies the exponent), up to two exponent bits, and a fraction part, proposed as a more efficient alternative to IEEE 754 floats in AI applications.
(n) :
(aviation) Abbreviation of position. [A place or location.]