This is different from any different use of time in film because your able to jump from one time to another. Its represented by different events during a film and can use Montage to show the passage of time.
Compressed Time
This is also known as montage and is most commonly used in Hollywood montage, stop-frame and time-lapse photography. Time-lapse photography is when a frame or shot is taken every minute and is then edited together to get a smooth and high quality piece of film showing a passage of time. Time-lapse photography is also a form of editing. Compressed time could take 24 hours to film however the whole thing is shown over just a few minutes during the film.
Long Take
This is using real time. A long take has no edits in, its a incredibly rehearsed scene and uses very fine camera movements to track something over a long period of time. An example of this is used in Children of Men where their running through Bexhill to try and save the baby.
Simultaneous Time and Slow Motion
Simultaneous Time is when something is happening at the same time.
Slow Motion is slowing down time. This can add dramatic effect and pace. Slow motion is used in the Matrix films when Neo dodges the agents bullets. This is done to add dramatic effect to the scene.
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This is when an action sequence is repeated. It's often used in sport and often played back in slow motion.
Flashback
This breaks up the order of the narrative as events from the past are disclosed and shown.