set

English as a Second Language English Vocabulary, Grammar and Idioms
1
  1. The bail conditions set will restrict his movements, amounting to virtual house arrest.
  2. The bail conditions will restrict his movements, amounting to virtual house arrest.
    Are both sentences correct and convey the same meaning?
    I believe ‘set’ is not verb here and is used as noun. Am I right?
2

“set” is not a noun here. It is the past participle of the verb. “The bail conditions set” is short for “The bail conditions that have been set”.

Both sentences are acceptable, though personally I find the use of “set” in #1 slightly clumsy.

There is effectively little difference in meaning. We assume that the bail conditions have been set, even if we are not explicitly told.