Time to meet friend and agree (5)
I believe the answer is:
tally
'agree' is the definition.
('tally' can be a synonym of 'agree')
'time to meet friend' is the wordplay.
'time' becomes 't'.
'to meet' means one lot of letters go next to another.
'friend' becomes 'ally' (I've seen this before).
't'+'ally'='TALLY'
'and' acts as a link.
(Other definitions for tally that I've seen before include "Total score" , "Count up; match" , "Current score; agree" , "Running total" , "Agree - count" .)