look up any word, like sex:
 
1.
Pronounced.. yite, like kite.
It means, hey, how are you?,are you alright? hence it sounding like, you alright?
It sums up those three words in one, so it saves you saying them all after one another.
' Y'aite? '
Yeah, i'm good you?'
by Michaela Ramage June 07, 2005