Insect with no time in place (5)
I believe the answer is:
locus
'place' is the definition.
('place' in Latin)
'insect with no time' is the wordplay.
'insect' becomes 'locust' (locust is a kind of insect).
'with no' suggests deleting specific letters.
'time' becomes 't' (abbreviation).
'locust' with 't' taken away is 'LOCUS'.
'in' acts as a link.
(Other definitions for locus that I've seen before include "Position, point, place" , "Place or set of possible places" , "Range - place" , "A defined position" , "Area of" .)