Source : Webster's Revised Unabridged Dictionary (1913)

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 : WordNet®

obit
     n : a notice of someone's death; usually includes a short
         biography [syn: {obituary}, {necrology}]