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TeachMeFinance.com - explain precise time and time interval precise time and time interval 'precise time and time interval' is an military term. It means '(DOD) A reference value of time and time interval (frequency). Standards are maintained through traceable measurements referenced to a primary timing or frequency standard. The Department of Defense standard for precise time and time interval is Universal Coordinated Time as maintained by the United States Naval Observatory'. Previous 5 Terms: precedence precedence_ precession _ precipitation static- precise time - Next 5 Terms: precision bombing precision-guided munition_ precursor _ precursor chemical- precursor front - Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.