Wiktionary
n. The construction of past conditions by relying on the present.
Wikipedia
Postdiction involves explanation after the fact. In skepticism, it is considered an effect of hindsight bias that explains claimed predictions of significant events such as plane crashes and natural disasters. In religious contexts theologians frequently refer to postdiction using the Latin term vaticinium ex eventu (foretelling after the event). Through this term, skeptics postulate that many biblical prophecies (and similar prophecies in other religions) appearing to have come true may have been written after the events supposedly predicted, or that the text or interpretation may have been modified after the event to fit the facts as they occurred.
Skeptics of premonition use these terms in response to claims made by psychics, astrologers and other paranormalists to have predicted an event, when the original prediction was vague, catch-all, or otherwise non-obvious.
Most predictions from such figures as Nostradamus and James Van Praagh express the future with such seemingly deliberate vagueness and ambiguity as to make interpretation nearly impossible before the event, rendering them useless as predictive tools. After the event has occurred, however, the psychics or their supporters shoehorn details into the prediction by using selective thinking — emphasizing the "hits", ignoring the "misses" — in order to lend credence to the prophecy and to give the impression of an accurate "prediction". Inaccurate predictions are omitted.
Supporters of a prediction sometimes contend that the problem lies not with the wording of the prediction, but with the interpretation — an argument sometimes used by supporters of religious texts. This argument may lead to the question: "What is the point of a prediction that cannot be interpreted correctly before the event?" However, the argument is not that the prediction could not have been interpreted correctly prior to the event, but simply that it was not in the case in question, thus the question is working from a false premise. Of course, any "prediction" that is so vague as to not be correctly interpreted before the event it allegedly "predicted" is functionally equivalent to no prediction at all.
Usage examples of "postdiction".
If the particular Calabi-Yau shape singled out by the equations of the theory were to have three holes, we would have found an impressive postdiction from string theory explaining a known feature of the world that is otherwise completely mysterious.
Most physicists would be far happier with one of two things: a bona fide prediction from string theory that experimentalists could confirm, or a postdiction of some property of the world (like the mass of the electron or the existence of three families of particles) for which there is currently no explanation.