Crossword Genius

It's not our time, child (5)

Ross

I believe the answer is:

their

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'it's not our' is the definition.
(I've seen this in another clue)

'time child' is the wordplay.
'time' becomes 't' (abbreviation).
'child' becomes 'heir' (I am not sure about this - if you are sure you should believe this answer much more).
't'+'heir'='THEIR'

Can you help me to learn more?

(Other definitions for their that I've seen before include "Possessive pronoun" , "Some would say his (or her)" , "Those people's" , "Belonging to those people" , "Relating to them" .)

I've seen this clue in the Sydney Morning Herald.
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