thyme / time are similar-sounding terms with different meanings (referred to as homophones). To better understand the differences, see below for definitions, pronunciation guides, and example sentences using each term. 👇
thyme: (noun) any of various mints of the genus Thymus. (noun) leaves can be used as seasoning for almost any meat and stews and stuffings and vegetables.
time: (noun) an instance or single occasion for some event. (noun) a period of time considered as a resource under your control and sufficient to accomplish something. (noun) an indefinite period (usually marked by specific attributes or activities). (noun) a suitable moment. (noun) the continuum of experience in which events pass from the future through the present to the past. (noun) a person's experience on a particular occasion. (verb) assign a time for an activity or event. (verb) set the speed, duration, or execution of. (verb) regulate or set the time of. (verb) adjust so that a force is applied and an action occurs at the desired time.
thyme: th·AY·m
time: t·AY·m
(Examples are Wikipedia snippets under the CC ShareAlike 3.0 license. Definitions drawn from WordNet.)