possibility

 
Pronunciation: /ˌpɒsɪˈbɪlɪti/

noun (plural possibilities)

  • a thing that may happen or be the case: relegation remains a distinct possibility [with clause]: there was the possibility that he might be turned down
  • [mass noun] the state or fact of being possible; likelihood: there is no possibility of any government achieving this level of expenditure
  • a thing that may be chosen or done out of several possible alternatives: one possibility is to allow all firms to participate
  • (possibilities) unspecified qualities of a promising nature; potential: the house was old but it had possibilities

Origin:

late Middle English: from Old French possibilite, from late Latin possibilitas, from possibilis 'able to be done' (see possible)