The term 'A VERY SMALL DISTANCE OR SPACE' can be represented by two words: 'INCH' (4 letters) and 'WEE' (3 letters). An INCH is a unit of length in the imperial and US customary systems of measurement, equal to 1/12 of a foot. It is also equal to 2.54 centimeters. The word 'WEE' is an informal term for very small, often used to describe children or things that are small in size. Therefore, the term 'A VERY SMALL DISTANCE OR SPACE' can be represented by the words 'INCH' and 'WEE', both of which refer to something that is very small in size.