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We don't have much time to finish the project.

A measurable period during which an action, process, or condition exists or continues.
This is a good time to start.
Do you have time for a quick chat?
It took a long time to arrive.
waste time
save time
free time
duration
period
moment
We will time the race to see who is the fastest.

To measure or record the duration of an event or activity.
Time the runner's speed.
We will time the cooking.
Can you time this test?
time the event
time the duration
time the process
measure
record
clock