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Relinquished set (4,4)

Ross

I believe the answer is:

laid down

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'relinquished set' is the definition.
Although both the answer and definition are past participle verbs, I cannot understand how one could define the other.

'relinquished set' is the wordplay.
'relinquished' becomes 'laid' (I am not sure about this - if you are sure you should believe this answer much more).
'set' becomes 'down' ('down' can be similar in meaning to 'set').
'laid'+'down'='LAID DOWN'

Can you help me to learn more?

(Other definitions for laid down that I've seen before include "specified" , "Insisted upon - abandoned" , "Ordained" , "Stipulated - deposited" .)

I've seen this clue in The Guardian.
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