Time is a component of a measuring system used to sequence events, to compare the durations of events and the intervals between them, and to quantify the motions of objects. Time has been a major subject of religion, philosophy, and science, but defining time in a non-controversial manner applicable to all fields of study has consistently eluded the greatest scholars.

In physics and other sciences, time is considered one of the few fundamental quantities. p. 17. "I only add to this the observation that relativity and quantum mechanics provide, in string theory, units of length and time which look, at present, more fundamental than any other." Time is used to define other quantities – such as velocity – and defining time in terms of such quantities would result in circularity of definition.Duff, Okun, Veneziano, ibid. p. 3. "There is no well established terminology for the fundamental constants of Nature. … The absence of accurately defined terms or the uses (i.e. actually misuses) of ill-defined terms lead to confusion and proliferation of wrong statements." An operational definition of time, wherein one says that observing a certain number of repetitions of one or another standard cyclical event (such as the passage of a free-swinging pendulum) constitutes one standard unit such as the second, has a high utility value in the conduct of both advanced experiments and everyday affairs of life. The operational definition leaves aside the question whether there is something called time, apart from the counting activity just mentioned, that flows and that can be measured. Investigations of a single continuum called space-time brings the nature of time into association with related questions into the nature of space, questions that have their roots in the works of early students of natural philosophy.

Among prominent philosophers, there are two distinct viewpoints on time. One view is that time is part of the fundamental structure of the universe, a dimension in which events occur in sequence. Time travel, in this view, becomes a possibility as other "times" persist like frames of a film strip, spread out across the time line. Sir Isaac Newton subscribed to this realist view, and hence it is sometimes referred to as Newtonian time.

Temporal measurement has occupied scientists and technologists, and was a prime motivation in navigation and astronomy. Periodic events and periodic motion have long served as standards for units of time. Examples include the apparent motion of the sun across the sky, the phases of the moon, the swing of a pendulum, and the beat of a heart. Currently, the international unit of time, the second, is defined in terms of radiation emitted by caesium atoms (see below). Time is also of significant social importance, having economic value ("time is money") as well as personal value, due to an awareness of the limited time in each day and in human life spans.