Sentence:  This converted data is written on the <WSD>mediary</WSD> output tape immediately behind the absolute program which is going to read it. In this manner, separate jobs are processed one after another and written onto the <WSD>mediary</WSD> output tape for later execution. 
Meaning of the word marked with <WSD> tags:  (dated) Storing data that is written by one process so that it can be read by another process.