Word: preset
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
Auction in Reverse. Now, Lapin expects to free Fannie Mae from such problems. Instead of buying (and selling) loans at a preset-and infrequently changed-discount, it will hold a weekly auction in reverse. Bidders will not be buying, but competing for the right to sell Fannie Mae loans at some future time. Thus the private market will set the price, or discount, while FNMA controls the volume of its business probably $40 to $50 million a week.' For loans on new or used houses, the association will accept bids to deliver mortgages within either three or six months...
...Democratic Convention. Nor, since roughly a dozen Republicans plan to enter the convention as favorite sons and thus will not begin transferring their delegates to the leading candidates until after one or two votes have been taken, will it by any means be a preset minuet. But the nominee should emerge fairly quickly-and without the bruising ideological schism that marred the 1964 convention...
...MARK-46. A lightweight, self-guided, solid-fuel missile with an underwater speed faster than the newest nuclear subs; it can be dropped from a plane or an unmanned remote-controlled helicopter called DASH (Drone Anti-Submarine Helicopter), dives to a preset depth, then zigzags around in search of enemy subs...
...radio transmitter was recently used in the rescue of a U.S. airman downed in the jungles of North Viet Nam. The transmitter emits a sirenlike radio beacon on preset frequencies, enabling rescuers to home in on survivors...
...torpedo can be launched either from aircraft or surface ships. It dives to a preset depth, speeds around in large circles, using secret, supersophisticated devices to seek out an enemy sub. If it finds nothing, the Mark-46 switches to "active echo ranging," breaks its circular pattern and snakes zigzag through the water like a hunter stalking a deer. Once the enemy is located, the torpedo homes in with its sonar...