Meaning of “time” - Learner’s Dictionary

time

verb [ T ] uk us /taɪm/
DECIDE A TIME

to decide that something will happen at a particular time:

They timed the release of the new album so it came out just before Christmas.
Her comment was well timed.
MEASURE

B2 to measure how long it takes for something to happen or for someone to do something:

It's a good idea to time yourself while you do the exercises.
→ See also two-time

(Definition of “time verb” from the Cambridge Learner’s Dictionary © Cambridge University Press)