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OTS commonly refers to the Office of Thrift Supervision, a former agency of the United States government responsible for regulating and supervising thrift institutions. What Is OTS In House? OTS is full form is Open To Sky. It is an area in a house plan, which directly opens to the sky and is covered by fiberglass or some other translucent material. Open To Sky ( OTS ) is an area in a house plan, which doesn’t have a roof. OTS full form in banking is One Time Settlement. It is a legal agreement between the bank and its borrower to settle down a non-performing loan at a reduced price. This is considered beneficial for both the parties as the bank reduces the loans and the borrower settles all their legal and financial obligations. The settlement amount is usually less than the outstanding debt, which is done to encourage the borrowers to pay immediately. Click on this link to know what is OTS in house plan . Learn about full form of OTS and house OTS design here.
