Also means
time trial
Usage Note
Crono is an informal short form of cronómetro (stopwatch/timer) or contrarreloj (time trial), used widely in cycling and motorsport: hacer un buen crono (to post a good time). In journalism and sports broadcasting it functions as a clipped form referring to a timed result. The full word cronómetro is used in more formal contexts.
Examples
"El ciclista marcó el mejor crono de la jornada."
Natural Translation
The cyclist posted the best time of the day.

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