Ots full form: A One-Time Settlement (

A One-Time Settlement ( OTS ) is a financial arrangement where a borrower agrees to pay a lump sum amount to a lender to settle an outstanding debt. This amount is typically less than the total outstanding debt. OTS is often offered by financial institutions as a resolution to non-performing assets (NPAs), providing relief to borrowers facing financial difficulties. OTS is an abbreviation that can stand for 76 different meanings, such as Out of Service, On the Scene, or Office of Thrift Supervision. See the full list of definitions and categories of OTS on AcronymFinder.com. 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. OTS is a common acronym that can stand for various meanings, such as Officer Training School, Outer Space Treaty, or On the Square. The Free Dictionary provides a comprehensive list of OTS definitions, categories, and sources.