A time server is a server computer that reads the actual time from a reference clock and distributes this information to its clients using a computer network. The time server may be a local network time server or an internet time server. The most important and widely used protocol for distributing and synchronising time over the Internet is the Ne...
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http://en.wikipedia.org/wiki/Time_server
server providing the date and the exact time over a network NOTE - There is usually a special time-distribution protocol.
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http://www.electropedia.org/iev/iev.nsf/display?openform&ievref=732-03-27
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