real time is a noun meaning "the actual time that it takes a process to occur". It carries 2 recorded senses.
the actual time that it takes a process to occur
“information is updated in real time”
(computer science) the time it takes for a process under computer control to occur
computer science
Definitions, synonyms and semantic relations for real time come from Princeton University’s WordNet. Commonness is measured against a corpus of everyday English. Full sources and licences.