Neither "Time" nor "Lord" are creature types. Some older cards were printed with the subtype "Lord," but all of those cards have updated Oracle card text that removed that type.

Unlike other creature types in Magic that are each only one word, the two words "Time Lord" represent a single creature subtype. Time Lord is the only two-word creature type.

You must pay all costs and follow all normal timing rules for playing a card exiled this way. For example, you may play a land this way only during your main phase while the stack is empty.

If an effect instructs you to choose a creature type, you may choose Time Lord.