Word: presetting
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...beating at the proper rate. Not much larger than a billfold, the battery-operated gadget checks on the heart through electrodes stuck on the chest. It emits a single beep whenever the heart rate falls below a predetermined lower limit, a double beep whenever it rises above a preset ceiling. Doctors who have experimented with the device (retail price: $280) find it particularly useful for getting their cardiac patients started on post-attack exercise programs...
Otherwise, the descent seemed to be continuing normally. "After aerodynamic braking in the atmosphere," reported Tass, "the parachute system was put into action and, before landing, the soft-landing engines were fired. The flight of the descending apparatus ended in a smooth landing in the preset area." These operations, however, were automatic; they did not require cooperation from the crew. Western experts speculated that whatever went wrong with Soyuz 11 occurred either during or soon after the firing of its retrorocket...
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...