In opposition to the run-time of a software, its design-time represents the time where it's being created.
In opposition to the run-time of a software, its design-time represents the time where it's being created or when its UI is being created.
The term design-time is particularly used in the domain of widget/visual components programming as they have to be efficient in an IDE and inside its UI editor (at design-time) but also when the program runs (at run-time).