These types of puzzles are known as charades. What you have to do is to find two words that are referred to in the first stanza and the second stanza and put them together to form the third word in the third stanza.
Just for example, if my first refers to 'off' and my second refers to 'ice', then my whole will be the 'office'.
My first is present - future's past -
A time in which your lot is cast.
My second is my first of space
Defining people's present place.
My whole describes a lack of site -
A place without length, breadth, or height.
When a clock is observed, the hour hand is at a minute mark and the minutes hand is six minutes ahead of it.
When the clock is observed again after some time, the hour hand is precisely on a different minute mark and the minute hand is seven minutes ahead of it.
Can you calculate how much time has elapsed between the two observations?
What 8 letter word can have a letter taken away and it still makes a word. Take another letter away and it still makes a word. Keep on doing that until you have one letter left. What is the word?
What does man love more than life, hate more than death or mortal strife; That which contented men desire; the poor have, the rich require; the miser spends, the spendthrift saves, and all men carry to their graves?