Syllable division derived from spelling — this word is not in the pronouncing dictionary, so no phonetic transcription is shown rather than a guessed one.
old-time is an adjective meaning "attractively old-fashioned (but not necessarily authentic)". It carries one recorded sense.
attractively old-fashioned (but not necessarily authentic)
“houses with quaint thatched roofs”
“a vaulted roof supporting old-time chimney pots”
Definitions, synonyms and semantic relations for old-time come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.