Definition of “possibility” - English Dictionary

“possibility” in British English

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uk /ˌpɒs.əˈbɪl.ə.ti/ us /ˌpɑː.səˈbɪl.ə.t̬i/

B1 [ C or U ] a chance that something may happen or be true:

It's not likely to happen but I wouldn't rule out the possibility.
The forecast said that there's a possibility of snow tonight.
[ + (that) ] There's a distinct possibility (that) I'll be asked to give a speech.
Is there any possibility (that) you could pick me up from the station?

B2 [ C ] something that you can choose to do in a particular situation:

We could take on extra staff - that's one possibility.
"Have you decided what to do?" "No, I'm still considering the various possibilities."

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(Definition of “possibility” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“possibility” in American English

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possibilitynoun [ C ]

us /ˌpɑs·əˈbɪl·ə·t̬i/

possibility noun [ C ] (ACHIEVEMENT)

something that can be done or achieved, or that can exist:

One possibility is to hire more people.

possibility noun [ C ] (POSSIBLE HAPPENING)

something that might or might not happen or exist:

There’s a possibility of snow tonight.

(Definition of “possibility” from the Cambridge Academic Content Dictionary © Cambridge University Press)