Uses of SET XACT_ABORT in Sql Server
When SET XACT_ABORT is ON, if a Transact-SQL statement raises a run-time error, the entire transaction is terminated and rolled back.
When SET XACT_ABORT is OFF, in some cases only the Transact-SQL statement that raised the error is rolled back and the transaction continues processing. Depending upon the severity of the error, the entire transaction may be rolled back even when SET XACT_ABORT is OFF. OFF is the default setting.
Compile errors, such as syntax errors, are not affected by SET XACT_ABORT.
other SET statement in Sql Server