From Longman Dictionary of Contemporary Englishthe presentthe presenta) the time that is happening now Stop worrying about the past and live in the present. The film is set sometime between 1995 and the present. ‘When do you want to start?’ ‘Well, there’s no time like the present (=used to say that if you are going to do something at all, you should do it now).’ b) technical the form of the verb that shows what exists or is happening now SYN the present tense → present
Examples from the Corpus
no time like the present• The chance of hire purchase, a three-piece suite, wall-to-wall carpets, no time like the present.• There is no time like the present.• There's no time like the present for beautiful skin.• The inspector, though, agreed there was no time like the present for a meeting. 