Possibility
/pɒsəˈbɪləti/
Definitions
- (n.) A legal condition or event that may occur but is not certain; often describes contingent rights or interests.
The possibility of future inheritance affected the property dispute.
Forms
- possibilities
Related terms
See also
Commentary
In legal contexts, 'possibility' commonly relates to potential future events impacting rights or obligations; it is important to distinguish this from certainty when drafting contracts or estates.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.