You may take a little time still (3)
I believe the answer is:
yet
'still' is the definition.
('yet' can be a synonym of 'still')
'you may take a little time' is the wordplay.
'you' becomes 'ye'.
'may take' is a charade indicator (letters next to each other).
'a little time' becomes 't' (abbreviation for time).
'ye'+'t'='YET'
(Other definitions for yet that I've seen before include "Still; nevertheless" , "Still, so far" , "To this time, nevertheless" , "'But, however (3)'" , "Up till now" .)