The difference between Option and Possibility
When used as nouns, option means one of a set of choices that can be made, whereas possibility means the quality of being possible.
Option is also verb with the meaning: to purchase an option on something.
check bellow for the other definitions of Option and Possibility
-
Option as a noun:
One of a set of choices that can be made.
-
Option as a noun:
The freedom or right to choose.
-
Option as a noun (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.
-
Option as a verb:
To purchase an option on something.
Examples:
"The new novel was optioned by the film studio, but they'll probably never decide to make a movie from it."
-
Option as a verb (computing, dated):
To configure, by setting an option.
-
Possibility as a noun:
The quality of being possible.
-
Possibility as a noun:
A thing possible; that which may take place or come into being.
-
Possibility as a noun:
An option or choice, usually used in context with future events.