possibility

[pos-uh-bil-i-tee]
noun, plural possibilities for 2.
1.
the state or fact of being possible: the possibility of error.
2.
something possible: He had exhausted every possibility but one.

Origin:
1325–75; Middle English possibilite < Late Latin possibilitās. See possible, -ity


1. chance, prospect, likelihood, odds.
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World English Dictionary
possibility (ˌpɒsɪˈbɪlɪtɪ)
 
n , pl -ties
1.  the state or condition of being possible
2.  anything that is possible
3.  a competitor, candidate, etc, who has a moderately good chance of winning, being chosen, etc
4.  (often plural) a future prospect or potential: my new house has great possibilities

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Example sentences
He simply felt that chance had given him a new possibility to which his sick soul might cling.
The object of the student journalist's enthusiasm was the possibility of having
  her courses delivered as.
The possibility that ethical and commercial considerations will conflict has
  always faced those who run companies.
Large thunderstorms were likely, and tornadoes were a definite possibility.
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