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

Collins English Dictionary - Complete & Unabridged 10th Edition
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Example sentences
The enormous range of possibilities makes choosing the right tree a challenge.
Eighteen horizontal inches of wall may have more storage possibilities than you
  think.
Your summer ice cream pie possibilities are nearly infinite.
Here is an example of his work that charts some of the possibilities.
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