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English definition of “set sth aside”

set sth aside

phrasal verb with set
 
 
/set/ verb (setting, set, set)
FINANCE to save something, especially money, for a special purpose: Businesses that create new jobs are eligible for a tax credit, for which the state currently sets aside $20 million. The budget sets aside enough money to provide a 3.5% pay raise for the city's roughly 1,800 non-union employees.
LAW if a judge or court sets aside a previous decision or judgment, they state that it does not now have any legal effect, usually because they consider it to have been wrong: The Court of Appeal set aside his conviction.
(Definition of set sth aside from the Cambridge Business English Dictionary © Cambridge University Press)
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