Yes, vats is a Scrabble word!
...and is worth 7 points in Scrabble, and 8 points in Words with Friends
vats
Noun
1. A tax levied on the difference between a commodity's price before taxes and its cost of production
2. A large open vessel for holding or storing liquids
What Scrabble words can I make with the letters in vats?
4 Letter Words
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3 Letter Words
2 Letter Words