möguleiki

Möguleiki is an Icelandic noun meaning possibility or opportunity. It refers to the potential for something to happen, or the ability to do something. It can indicate theoretical chances, practical options, or forecasted outcomes, and is used in everyday speech as well as journalism, science, and policy discourse.

The word is derived from the adjective mögulegur, meaning possible, and is used widely with different verbs and constructions. The plural form is möguleikar. In usage, möguleiki can denote both a theoretical possibility and a real option that might be pursued, depending on context and uncertainty.

In usage, möguleiki is often contrasted with more concrete openings such as tækifæri, which conveys an opportunity that may arise under favorable circumstances. The term is common when evaluating future scenarios, planning, or discussing options in research, business, and public discussion.