From Longman Business DictionaryWATSWATS /wɒtswɑːts/ noun [singular] American EnglishTELECOMMUNICATIONS wide area telephone service; a system which allows companies to use long distance telephone lines at reduced rates. Calls made by a customer to a WATS number are free, and the company pays for these calls at the lower rateUsers of overseas WATS can get monthly discounts of 2%. → compare Freefone