Second. Second place is next to winning. Seconds, the measure of time, pass quickly. Seconding a motion is requested by the chair of the body in Parliament. And the second place finisher in many sporting events such as the Olympics is awarded the silver medal.

And as for why the unit of time is called a second, it goes back to the days of Ptolemy. A second of time is the second small part, or pars minuta secunda, of an hour. (Thanks to Tim J for researching it).