"To set a password" means to create a secret word or combination of characters that you choose to protect something, like your account, computer, or device. It restricts unauthorized access and ensures your security and privacy. Full definition
You can also set the password for your device by tapping on More button which is on the Top right of the screen. (phoneradar.com)
You can also set the password and device name by tapping more and click configure mobile hotspot. (phoneradar.com)
This can include setting a password on your account or requiring you to physically visit a store with your ID to make any account changes. (dailybitcoinnews.com)