IPA: /pəˈsɪbɪlɪti/
KK: /pɑˈsɪbəlɪti/
The state or condition of being able to happen or exist; a chance for something to occur.
There is a possibility of rain tomorrow.
Possibility → It is formed from "potis" (meaning able or powerful) and "-bilis" (meaning capable of). The word "possibility" refers to the state of being able to happen or the capability of occurring.
Think of being 'able' ('potis') to do something, which helps you remember that 'possibility' means something that can happen.