What is apostrophe in grammar?

Answer:
The apostrophe is the superscripted comma ('). On my keyboard it shares with @.
Its purpose in grammar is to :
Indicate missing letters eg it's for it is, aren't for are not
or
Indicate the possessive case eg The boy's bike ie The bike of the boy
First answer by Plucas. Last edit by Plucas. Contributor trust: 1282 [recommend contributor recommended]. Question popularity: 0 [recommend question].