Crossword Genius

Set great store by (5)

Ross

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5

7

hoard

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'store by' is the definition.
'hoard' can be an answer for 'store' (hoarding is a kind of storing). I'm not sure about the 'by' bit.

I cannot understand how the rest of the clue works.

Can you help me to learn more?

(Other definitions for hoard that I've seen before include "Cache" , "Store of money etc, often hidden" , "Accumulated store" , "Amass secretly" , "Collection" .)

I've seen this clue in The Globe and Mail and The Irish Independent.
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