Our stated time (4)
I believe the answer is:
hour
'time' is the definition.
(unit of time)
'our stated' is the wordplay.
'stated' shows a homophone (sound like) (as it might sound when said aloud or stated).
'our' is a homophone of 'HOUR'.
(Other definitions for hour that I've seen before include "Clock time" , "When it cometh, so doth the man!" , "Length of time" , "Unit of time" , "A 24th of a day" .)