Settr

As defined by A Concise Dictionary of Old Icelandic (Geir Zoëga):

settr Old Icelandic word can mean:

settr

pp. from setja,

settr

1) placed, situated (hón skal hér svá vel sett sem hón væri mín dóttir);

settr

2) of a ship, deep in the water, heavy (skip konungs vóru sett mjök);

settr

3) lítt s. at klæðum, poorly furnished with clothes; s. með e-u, studded with.

Possible runic inscription in Younger Futhark:ᛋᛁᛏᛏᚱ