v.1. To construct something so that it is a certain distance away from the edge of some boundary. Used in the passive: All houses must be set back 100 feet from the lake. The second tier of the building is set back 10 feet.
2. To slow down the progress of something; hinder something: Bad weather set the project back two weeks. The recent attacks have set back the peace process.
3. To cost someone some amount of money: That coat set me back $1,000.
4. To adjust some instrument or device to an earlier reading: Last fall, I forgot to set back my clock. The dealership set the odometer back and tried to sell the car as new.