Party with time to make point (3)
I believe the answer is:
dot
'point' is the definition.
(synonyms)
'party with time' is the wordplay.
'party' becomes 'do' (do is a kind of party).
'with' means one lot of letters go next to another.
'time' becomes 't' (abbreviation).
'do'+'t'='DOT'
'to make' is the link.
(Other definitions for dot that I've seen before include "Speck or period" , "'Spot, tiny mark (3)'" , "Internet punctuation mark" , "Speck; dowry" , "Absolutely punctual, on it" .)