posit

Short definition from Wiktionary

Noun

1. 1
   Something that is posited; a postulate.
2. 2
   Abbreviation of position.
3. 3
   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.

Verb

1. 1
   To assume the existence of; to postulate.
2. 2
   To propose for consideration or study; to suggest.
3. 3
   To put (something somewhere) firmly; to place or position.