Meaning of the word "setting aside" in English

What does "setting aside" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

setting aside

US /ˈsɛtɪŋ əˈsaɪd/
UK /ˈsɛtɪŋ əˈsaɪd/

Phrasal Verb

1.

to save something, usually money or time, for a special purpose

Example:
She's setting aside money for a down payment on a house.
We need to set aside some time to discuss this project.
2.

to disregard or ignore something, often a rule or a feeling

Example:
The judge decided to set aside the previous ruling.
They managed to set aside their differences and work together.