The term 'could possibly' is composed of two words, 'MIGHT' and 'MAY'. 'MIGHT' is a verb meaning to have the power or strength to do something, while 'MAY' is a verb meaning to be allowed or permitted to do something. Together, they form the phrase 'could possibly', which is used to express a possibility or probability that something MAY happen. This phrase is often used to express uncertainty or doubt about a situation.