Meaning: Prepare equipment, software, etc., for use
Example: The technician SET UP the computer network perfectly.
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Meaning: Start a company
Example: They SET UP a dot com company, floated it a couple of years later on the Stock Exchange and made an absolute fortune.
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Meaning: Provide someone with the money needed to live
Example: Winning the lottery SET them UP for life.
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Meaning: Trick, deceive
Example: The police SET them UP.
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