The definition of likely is something that has a very high chance, that is probably true or that may be suitable.
(adjective)See likely in Webster's New World College Dictionary
Origin: ME likly, prob. aphetic < OE geliclic (or < ? ON likligr): see like & -ly
See likely in American Heritage Dictionary 4
adjective like·li·er, like·li·est
Origin:
Origin: Middle English likly
Origin: , from Old English gelīclīc (from gelīc, similar)
Origin: and from Old Norse līkligr (from līkr, similar); see līk- in Indo-European roots
. Usage Note: Used as an adverb likely is most commonly preceded by a modifier such as very or quite: He will quite likely require some help with his classes. But the unmodified use of likely is common enough in educated writing, and though it might be better avoided in highly formal style, it should not be regarded as incorrect: They'll likely buy a new car this year. See Usage Note at liable.Learn more about likely
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