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Longman Dictionary of Contemporary English
time signal
noun
EXAMPLES FROM CORPUS
▪ At the end of the number there was a time signal followed by a commercial about a breakfast food.
▪ Using the time signal and its origin, the receiver is able to calculate its location to within about 60 feet.
▪ Whiston worried, of course, that bright lights might also falter when trying to deliver a time signal at sea.
Wiktionary
time signal

alt. a visible, audible, mechanical, or electronic signal used as a reference to determine the time of day n. a visible, audible, mechanical, or electronic signal used as a reference to determine the time of day

WordNet
time signal

n. a signal (especially electronic or by radio) indicating the precisely correct time

Wikipedia
Time signal

A time signal is a visible, audible, mechanical, or electronic signal used as a reference to determine the time of day. Church bells or voices announcing hours of prayer gave way to automatically operated chimes on public clocks; however, audible signals (even signal guns) have limited range. Busy ports used a visual signal, the dropping of a ball, to allow mariners to check the chronometers used for navigation. The advent of electrical telegraphs allowed widespread and precise distribution of time signals from central observatories. Railways were among the first customers for time signals, which allowed synchronization of their operations over wide geographic areas. Special purpose radio time signal stations transmit a signal that allows automatic synchronization of clocks, and commercial broadcasters still include time signals in their programming. Today, GPS navigation radio signals are used to precisely distribute time signals over much of the world. There are many commercially available radio controlled clocks available to accurately indicate the local time, both for business and residential use. Computers often set their time from an internet atomic clock source. Where this is not available, a locally connected GPS receiver can precisely set the time using a software application. There are several such applications available to download from the internet.