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Click on this link to know what is OTS in house plan . Learn about full form of OTS and house OTS design here. 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 an acronym that can stand for various terms depending on the context, such as Office of Toxic Substances, Occupational Therapy Student, or On the Scene. See the full list of definitions of OTS in alphabetical order and learn how to use it in different fields. The OTS amount needs to be paid within 6 months from the date of approval of OTS , with 25% upfront and balance within 6 months without any interest amount. If the money is paid within a year, then ...
