Meaning of “set-up” in the English Dictionary

"set-up" in British English

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set-upnoun

uk /ˈset.ʌp/ us /ˈset̬.ʌp/

set-up noun (ARRANGE)

[ S ] the way in which things are organized or arranged:

When I started my new job, it took me a while to get used to the set-up.
"Nice little set-up you've got here," he said as we showed him around the house.

set-up noun (TRICK)

[ C usually singular ] informal a situation in which someone is tricked into doing something or is made to seem guilty of something they did not do:

When drugs were found in her luggage, she claimed it was a set-up.

(Definition of “set-up” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"set up" in Business English

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set up

phrasal verb with set uk /set/ us verb setting, set, set

[ I ] COMMERCE to start a new business:

One way in which people are responding to such pressures is by setting up on their own, often by selling their services to their former employers.
She wants to repay the committee for the help she received when setting up in business.

(Definition of “set up” from the Cambridge Business English Dictionary © Cambridge University Press)