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From The Collaborative International Dictionary of English v.0.48:
Opportunity \Op`por*tu"ni*ty\, n.; pl. Opportunities. [F. opportunit['e], L. opportunitas. See Opportune.] 1. Fit or convenient time or situation; a time or place permitting or favorable for the execution of a purpose; a suitable combination of conditions; suitable occasion; chance. [1913 Webster +PJC] A wise man will make more opportunities than he finds. --Bacon. [1913 Webster] 2. Convenience of situation; fitness. [Obs.] [1913 Webster] Hull, a town of great strength and opportunity, both to sea and land affairs. --Milton. [1913 Webster] 3. Importunity; earnestness. [Obs.] --Jer. Taylor. [1913 Webster] Syn: Occasion; convenience; occurrence. Usage: Opportunity, Occasion. An occasion is that which falls in our way, or presents itself in the course of events; an opportunity is a convenience or fitness of time, place, etc., for the doing of a thing. Hence, occasions often make opportunities. The occasion of sickness may give opportunity for reflection. [1913 Webster]