Noun

(possibilities)

The quality of being possible.

A thing possible; that which may take place or come into being.

* {{quote-magazine, date=2013-07-20, volume=408, issue=8845, magazine=(The Economist)

, title= The attack of the MOOCs , passage=Since the launch early last year of […] two Silicon Valley start-ups offering free education through MOOCs, massive open online courses, the ivory towers of academia have been shaken to their foundations. University brands built in some cases over centuries have been forced to contemplate the possibility that information technology will rapidly make their existing business model obsolete.}}

An option or choice, usually used in context with future events.

Noun

(en noun)

One of the choices which can be made.

* {{quote-news

, year=2011 , date=October 23 , author=Becky Ashton , title=QPR 1 - 0 Chelsea , work=BBC Sport citation , page= , passage=Luiz struggled with the movement of Helguson in the box, as he collected a long ball and the Spaniard barged him over, leaving referee Chris Foy little option but to point to the spot.}}

* {{quote-magazine, date=2012-01

, author=Steven Sloman , title=The Battle Between Intuition and Deliberation , volume=100, issue=1, page=74 , magazine= citation , passage=Libertarian paternalism is the view that, because the way options' are presented to citizens affects what they choose, society should present ' options in a way that “nudges” our intuitive selves to make choices that are more consistent with what our more deliberative selves would have chosen if they were in control.}}

The freedom or right to choose.

(finance)(legal) A contract giving the holder the right to buy or sell an asset at a set strike price; can apply to financial market transactions, or to ordinary transactions for tangible assets such as a residence or automobile.

(graphical user interface) A button on a screen used to select an action (often "menu option")