The CURRENT_TIME function returns a TIME data type value containing hours, minutes, and seconds for time 'now'. You can specify a fractional precision between 0 and 2 for the seconds returned by CURRENT_TIME. The fractional-seconds precision is a number that designates the number of digits returned in the field. For example, a fractional precision of 2 means that seconds are returned as hundredths of a second (2 digits beyond the decimal point), while a fractional precision of 1 means that only tenths of a second are returned (1 digit beyond the decimal point). You can specify a current default for a time or timestamp field with nondefault fractional-seconds precision.