set

Set, when used as a verb, means to schedule. For example, to “set a case for trial.”

In the context of a bill of exchange, foreign bills of exchange are normally drawn in several parts. When a bill is drawn that way, it is said to be drawn in a set and, these parts when taken as a whole, form one bill. 

[Last reviewed in August of 2021 by the Wex Definitions Team]

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