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English definition of “preset”

preset

verb [T] uk   /ˌpriːˈset/ (present participle presetting, past tense and past participle preset) us  
to prepare a machine so it will operate or stop later, or to arrange for or agree to something: [+ to infinitive] I'll preset the oven to come on at 5 p.m. The agenda for the meeting has been preset.

preset

adjective uk   /ˈpriː.set/ us  
arranged, agreed, or chosen earlier: We have a device which switches the lights on at a preset time in the evening. The shares will be sold at a preset price. relating to part of a machine that is used to prepare it to operate or stop later: a preset button
(Definition of preset from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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