It can be said that from centuries before Hesiod tells us about Cronus (the god of time), the human being was concerned about the discovery of the riddle of the time. He has always entertained himself with different means and has created various ways to overcome the difficulty of passing through time. I, in my two previous papers, have tried to depict a new theory about the origin of the sense of time in the human psyche. For this and with the help of Winnicott's transitional objects and phenomena, I have proposed two new concepts of transitional time objects and phenomena, which are different from Winnicott's concepts, however similar. In this paper, after pointing to these notions, I try to illustrate them from economic, topological, and dynamic aspects and their functions as the most eminent and fundamental components of our mental life. Also, with the help of Otto Rank's Trauma of Birth and its importance for beginning the sense of time, I try to answer the queries which may arise in many people's minds as such, why people fly from to be alone and why some patients afraid of the silence. Finally, based on our new findings of the origin of the sense of time, a new understanding of the death drive has been suggested.