Substance-free phonology or SFP (Reiss 2017) has renewed interest in the question of abstraction in phonology. Perhaps the most common form of abstraction through the absence of substance is underspecification, where some aspects of speech lack representation in memorized representations, within the phonology or in the phonetic implementation (Archangeli 1988, Keating 1988, Lahiri and Reetz 2010 among many others). The fundamental basis for phonology is argued to be a mental model of speech events in time, following Raimy (2000) and Papillon (2020). Each event can have properties (one-place predicates that are true of the event), which include the usual phonological features, and also structural entities for extended events like moras and syllables. Features can be bound together in an event, yielding segment-like properties. Pairs of events can be ordered in time by the temporal logic precedence relation represented by ‘<’. Events, features and precedence form a directed multigraph structure with edges in the graph interpreted as “maybe next”. Some infant bimodal speech perception results are examined using this framework, arguing for underspecification in time in the developing phonological representations.