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Best Answer: Right now, according to the dictionary, it's still two. Though it could change with the common usage to either hyphenate time-frame or to put it all in one word.
(Although daylight saving time is considered correct, daylight savings time (with an s) is commonly used.) The first two words are sometimes hyphenated (daylight-saving[s] time). Merriam-Webster's also lists the forms daylight saving (without time), daylight savings (without time), and daylight time.