Time runs out in end (8)
I believe the answer is:
terminus
'end' is the definition.
(terminus is a kind of end)
'time runs out' is the wordplay.
'out' is an anagram indicator (out can mean wrong or inaccurate).
'time'+'runs'='timeruns'
'timeruns' with letters rearranged gives 'TERMINUS'.
'in' is the link.
(Other definitions for terminus that I've seen before include "End of a railway or bus route" , "Transport depot" , "End of bus/rail route" , "Where something ends" , "End of the line for tram or bus" .)