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Adjective: on time
  1. Acting, arriving or performed exactly at the time appointed
    "she is always on time for class";
    - punctual, on the dot
     
  2. Payable in installments within a designated period of time
    "we were short of cash, so we purchased our refrigerator on time"
Adverb: on time
  1. At the expected or proper time
    "she always arrives on time";
    - punctually

See also: due, prompt, timely

Antonym: unpunctual