The term 'OWNED BY US' can be represented by two words: 'OURS' (4 letters) and 'OUR' (3 letters). 'OURS' is a possessive pronoun that is used to refer to something that belongs to or is associated with the speaker and at least one other person. 'OUR' is also a possessive pronoun, but it is used to refer to something that belongs to or is associated with the speaker and one or more other people. Both words are used to indicate ownership or possession of something.