While it is not a noun in standard English usage, you might encounter it used as a noun in informal contexts or specialized fields. However, it is not considered grammatically correct in formal writing.
Here's an example of "posit" used as a verb:
* "The scientist posited that the new drug would cure the disease."
If you want to use a noun to refer to something that is suggested or assumed, you could use words like:
* Assumption: "The assumption that the project would be completed on time proved to be false."
* Hypothesis: "The scientist's hypothesis was that the new drug would cure the disease."
* Postulate: "The philosopher's postulates about the nature of reality were widely debated."