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📌In the nick of time = at the last moment before it's too late (пер. в последний момент).

✔️You cannot keep arriving in the nick of time. Make sure to check your watch tomorrow so that you can be early enough for our daily meeting.

📌Time is of the essence = correct timing is very important (often used for things that are urgent) (пер. фактор времени имеет существенное значение)

✔️In order to meet the deadline, you need to send us the prototype by Monday – time is of the essence.

📌A race against time = a situation when you need to rush to do something before the deadline (пер. гонка со временем)

✔️The last day for submitting project proposals is one week from today – so now it’s a race against time.