Owned by us (4)
'owned by us' is the definition.
(something which is ours belongs to us)
This is the entire clue.
(Other definitions for ours that I've seen before include "Indiscriminate slaughter" , "of the Queen?" , "Belong to us both" , "British" , "Relating or belonging to us" .)
'owned by us' is the definition.
(I've seen this in another clue)
This is all the clue.
(Other definitions for our that I've seen before include "Yours and mine" , "Relating to us" , "'-- House' (Madness song)" , "Belonging to us" , "Possessed by us" .)