- time
- Except as otherwise specifically provided, any reference to time shall mean local Chicago time. Chicago Mercantile Exchange Glossary
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time time [taɪm] noun1. [uncountable] the quantity that is measured in minutes, hours, years etc using clocks:• The company needs more time to restructure its finances.
• The Channel Tunnel considerably cut the journey time from London to Paris.
ˈair time1. [uncountable] MARKETING the amount of time that a particular advertisement is seen on television, heard on radio etc:• Banks are now allowed only 375 seconds of air time monthly on each television station.
2. [uncountable] the amount of time that a mobile phone user talks on his or her phone in a particular period of time:• Cellular customers will pay normal air time charges for the service.
ˈcomp time [uncountable] HUMAN RESOURCEStime off work, which employees are able to have if they have worked extra hours:• Many workers who have comp time complain about not being able to take it when they need it.
ˈdead time[uncountable] HUMAN RESOURCES time that is not being used:• A business person spends 60 hours a year on hold on the phone, but until now little imagination has been applied to using this dead time.
deˈlivery time [countable] COMMERCEthe amount of time that a company takes to get goods ready for delivery, for example the time it takes to obtain them or make them:• They reported increases in delivery times and unfilled orders.
ˈdown time1. [uncountable] COMPUTING MANUFACTURING time that a machine in a factory or a computer is not working properly and cannot be used:• To reduce down time, the designers made all parts modular. Parts needing service can be popped out and quickly replaced.
2. [uncountable] MANUFACTURING time that a factory is not working, usually because there is not enough demand for its products:• Many companies were planning longer than normal down time during the holidays.
ˈdwell time [uncountable] MARKETINGa calculation of the amount of time people spend waiting for something, such as a train, airline etc, and therefore the length of time they are likely to spend doing things while they wait, such as reading advertisements, buying food etc:• With airline delays increasing passenger dwell time in terminals, it is in the financial self-interest of airports to serve up appealing distractions.
1. [uncountable] time that you spend talking to someone who is in the same room as you, rather than time spent talking to them on the telephone or sending them an email:• She's been giving the media a lot of face time since her novel was published.
face time with• She said that she needs face time with you before you do the presentation.
2. [uncountable] time that someone spends at their job because they want people to think they are working, even if they are not:• Here we reward performance, not face time!
ˈlead time [countable] COMMERCEthe time it takes to prepare, make, or deliver something:• It takes long lead times to propose and build new nuclear power plants.
the time when a piece of machinery cannot be used or a worker is unable to work, for example because of injury:• The number of lost time accidents occurring on site was 14.
ˈnew time [uncountable] FINANCEthe beginning of a new period of time for trading on a financial market:• The company responded to new time buying, gaining 6p to 360p.
ˈplay time [uncountable] COMMERCEthe length of time that a particular record is heard on radio, used to calculate Royalties (= payments to those that made it):• Each record is cataloged according to its play time and schedule for airing.
ˈprime time [uncountable] MARKETINGthe time when most people are watching the television or listening to the radio, and therefore the most expensive time for advertising:• The President used prime time television for a brief, personalised appeal to voters.
• Prime time is just before the 8 o'clock news.
ˈquality time [uncountable]time that is set aside for a particular activity, especially something that is usually forgotten because you are very busy:• A high-powered career doesn't need to prevent you from spending quality time with your children.
2. time and a half/time and a quarter one and a half times or one and a quarter times the normal rate of pay:• You get time and a half if you come into the office on Saturday.
3. double/triple time twice or three times the normal rate of pay:• We worked Sundays and holidays at double time.
4. [singular] a particular point in time:• What time is the meeting?
5. [uncountable] the time in one particular part of the world, or the time used in one particular area:• We will be arriving in New York at 3 a.m.local time.
6. on time arriving or happening at the correct time or the time that was arranged:• 86% of our flights were on time last year.
• The card rewards customers for paying bills on time.
7. [countable] an occasion when something happens or someone does something:• The committee meets six times a year.
• Customers resented being charged $100 every time they brought a vehicle in for repairs.
8. five/ten/many etc times used to say how much bigger, better etc one thing is than another:• The stock was recently selling for more than 200 times the past four quarters' earnings.
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Ⅰ.time UK US /taɪm/ noun► [U] what is measured in minutes, hours, etc.: spend/waste/save time »Many consumers spend considerable time researching the best buys for a new or camera.
have (the) time to do sth »Not all investors have the time to invest directly in stocks and shares.
an amount/period/length of time »The amount of time small-business managers spend at work has increased
a lot of/plenty of/little time »Executives often complain that a lot of time is wasted in meetings.
give sb time to do sth »The Australian IT group has been given more time to raise funds for the merger.
more/less time »Suggested amendments to current legislation would give borrowers more time to pay back loans.
it takes time to do sth »Customers using the new system report an 80% reduction in the time it takes to place orders.
over time »How do you think the market will perform over time?
time and money/resources/energy »Today's youngsters spend more time and money on personal grooming than any previous generation.
► [S] a period of time of a particular type, for example, a period that is difficult, successful, etc.: a difficult/hard/tough time »Auto makers are having a tough time in a marketplace that is getting more and more competitive.
an easy/good time »The media group has not had an easy time of late, due to a difficult advertising market and changing viewer habits.
► [S] a period of time of a particular length: for a time »The advantages of low business tax can give a significant boost to economies, at least for a time.
a long/short/extended time »TV will probably continue to dominate the advertising market for a long time.
► [U] time that is used in a particular way or for a specific purpose: »Most of my time at work is spent in direct contact with clients.
»work/free/leisure time
make/take time to do sth »Don't forget to take time to fill out all the necessary forms.
► [C] an occasion when sth happens: at a time when »Eliminating estate tax would add to the nation's debt at a time when we can least afford it.
at this/that time »At that time, I had to travel a lot with my job.
the first/next/last time »Share prices rose yesterday for the first time in over two years.
every/each time »New ""smart meters"" show how much water is consumed every time a power shower is run or a washing machine is used.
► [S or U] the time shown on a clock or a watch: the time of sth »The time of the meeting has been put back to 11.30 am.
»What time shall we start?
► [U] the time in one country or part of the world that is different from the time in another country or part of the world: »The phone went on sale at 6 p.m. local time.
● ten/20/100, etc. times better/bigger/worse, etc. — Cf. ten/20/100, etc. times better/bigger/worse, etc.→ See also AIRTIME(Cf. ↑airtime), CLOSING TIME(Cf. ↑closing time), COMP TIME(Cf. ↑comp time), COMPENSATORY TIME(Cf. ↑compensatory time), DAYLIGHT SAVING TIME(Cf. ↑daylight saving time), DEAD TIME(Cf. ↑dead time), DELIVERY TIME(Cf. ↑delivery time), DOUBLE TIME(Cf. ↑double time), DOWNTIME(Cf. ↑downtime), DRIVE TIME(Cf. ↑drive time), DWELL TIME(Cf. ↑dwell time), FACE TIME(Cf. ↑face time), GMT(Cf. ↑GMT), LEAD TIME(Cf. ↑lead time), LOST TIME(Cf. ↑lost time), NEW TIME(Cf. ↑new time), PRIME TIME(Cf. ↑prime time), STANDARD TIME(Cf. ↑standard time)Ⅱ.time UK US /taɪm/ verb [T]► to plan the time at which an activity or event starts to happen: »Timing a buy or sell recommendation well is often partly a question of luck.
be timed to do sth »The bid had been timed to give the company a head start over their rivals in the venture.
perfectly/well/badly timed »Their launch of an international property fund looks to be perfectly timed.
Financial and business terms. 2012.
