set vs time

set and time both are nouns.

Word	Noun	Adjective	Verb	Adverb
set	Yes	Yes	Yes	No
time	Yes	No	Yes	No

As verbs, time is a hyponym of set; that is, time is a word with a more specific, narrower meaning than set:

set: alter or regulate so as to achieve accuracy or conform to a standard
time: adjust so that a force is applied and an action occurs at the desired time

set (noun)	time (noun)
several exercises intended to be done in series	the continuum of experience in which events pass from the future through the present to the past
the act of putting something in position	rhythm as given by division into parts of equal duration
representation consisting of the scenery and other properties used to identify the location of a dramatic production	an instance or single occasion for some event
any electronic equipment that receives or transmits radio or tv signals	a person's experience on a particular occasion
(psychology) being temporarily ready to respond in a particular way	an indefinite period (usually marked by specific attributes or activities)
a relatively permanent inclination to react in a particular way	the period of time a prisoner is imprisoned
the descent of a heavenly body below the horizon	a reading of a point in time as given by a clock
a group of things of the same kind that belong together and are so used	the fourth coordinate that is required (along with three spatial dimensions) to specify a physical event
an unofficial association of people or groups	a period of time considered as a resource under your control and sufficient to accomplish something
(mathematics) an abstract collection of numbers or symbols	a suitable moment
the process of becoming hard or solid by cooling or drying or crystallization
a unit of play in tennis or squash

set (adjective)	time (adjective)
set down according to a plan
being below the horizon
converted to solid form (as concrete)
fixed and unmoving
(usually followed by `to' or `for') on the point of or strongly disposed
situated in a particular spot or position
determined or decided upon as by an authority

set (verb)	time (verb)
arrange attractively	measure the time or duration of an event or action or the person who performs an action in a certain period of time
produce fruit	regulate or set the time of
alter or regulate so as to achieve accuracy or conform to a standard	adjust so that a force is applied and an action occurs at the desired time
put into a certain state; cause to be in a certain state	assign a time for an activity or event
set to a certain position or cause to operate correctly	set the speed, duration, or execution of
equip with sails or masts
become gelatinous
make ready or suitable or equip in advance for a particular purpose or for some use, event, etc
get ready for a particular purpose or event
fix conclusively or authoritatively
estimate
decide upon or fix definitely
establish as the highest level or best performance
urge to attack someone
put into a certain place or abstract location
fix in a border
give a fine, sharp edge to a knife or razor
insert (a nail or screw below the surface, as into a countersink)
put or set (seeds, seedlings, or plants) into the ground
put into a position that will restore a normal state
adapt for performance in a different way
locate
set in type
apply or start
disappear beyond the horizon