Also means
to elapse
Usage Note
Transcurrir specifically describes time passing or an event unfolding over a period (los años transcurren rápido = 'the years pass quickly'). It is more formal and literary than pasar, and is almost exclusively used with a time subject. An alternative spelling trascurrir (one s) is accepted by the RAE but less common. The noun is transcurso (en el transcurso de = 'in the course of').
Examples
"Los años transcurren muy rápido."
Natural Translation
The years pass very quickly.

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