[op-er-too-ni-tee, -tyoo-]
noun, plural opportunities.
an appropriate or favorable time or occasion: Their meeting afforded an opportunity to exchange views.
a situation or condition favorable for attainment of a goal.
a good position, chance, or prospect, as for advancement or success.

1350–1400; Middle English opportunite < Middle French < Latin opportūnitās convenience, fitness, equivalent to opportūn(us) (see opportune) + -itās- -ity

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World English Dictionary
opportunity (ˌɒpəˈtjuːnɪtɪ)
n , pl -ties
1.  a favourable, appropriate, or advantageous combination of circumstances
2.  a chance or prospect

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

late 14c., from O.Fr. opportunite (13c.), from L. opportunitatem (nom. opportunitas) "fitness, suitableness, favorable time," from opportunus (see opportune). Opportunity cost attested from 1911.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
How to find work or volunteer opportunities abroad.
It is essential, however, to provide a balance of opportunities for students to
  explore and enrich their lives.
The firm raised private capital as opportunities arose, avoiding the need to
  take public money when markets froze.
Judgment as to the acceptability of those costs requires an understanding of
  environmental opportunities and constraints.
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