Otis Worldwide Corporation is an American company that develops, manufactures and markets elevators, escalators, moving walkways, and related equipment. James, 1725–83, American lawyer and public official who is supposed to have first used the phrase “Taxation without representation” (brother of Mercy Otis. Otis is the kind of guy who loves a nice pint when the times right; and has a passion for football, although Fifa does it for him. Looking for online definition of OTIS or what OTIS stands for? OTIS is listed in the World's largest and most authoritative dictionary database of abbreviations and. Looking for the definition of OTIS? Find out what is the full meaning of OTIS on Abbreviations.