In relativity there is a clear difference between paths that are timelike, spacelike, and lightlike, and which category a path falls into is a coordinate-independent fact (physically, a timelike path is the worldline of an object moving slower than light, a lightlike path is the worldline of a light beam, and a spacelike path cannot be treated as any actual object's worldline unless we allow FTL particles). The metric gives a coordinate-invariant notion of the "spacetime distance" along a path ds^2 (which for timelike paths is just -c^2 times the proper time along the path), in much the same way that we can talk about the geometric distance along a path on a curved 2D surface like a sphere even though there are different possible coordinate systems you could place on that surface. And ds^2 is negative for timelike paths, 0 for lightlike paths, and positive for spacelike paths. So to say a coordinate is "timelike" at a point means that if you consider the infinitesimal path created by varying that coordinate an infinitesimal amount from the point while keeping all the other coordinates constant, this path would be a timelike one.