Obit \O"bit\, n. [OF. obit, L. obitus, fr. obire to go against, to go to meet, (sc. mortem) to die; ob (see Ob-) + ire to go. See Issue.]

1. Death; decease; the date of one's death. --Wood.

2. A funeral solemnity or office; obsequies.

3. A service for the soul of a deceased person on the anniversary of the day of his death.

The emoluments and advantages from oblations, obits, and other sources, increased in value. --Milman.

Post obit [L. post obitum]. See Post-obit.

Source: Webster's Revised Unabridged Dictionary (1913)