We investigate the philosophical significance of the existence of different semantic systems with respect to which a given deductive system is sound and complete. Our case study will be Corcoran's deductive system D for Aristotelian syllogistic and some of the different semantic systems for syllogistic that have been proposed in the literature. We shall prove that they are not equivalent, in spite of D being sound and complete with respect to each of them. Beyond the specific case of syllogistic, the goal is to offer a general discussion of the relations between informal notions-in this case, an informal notion of deductive validity-and logical apparatuses such as deductive systems and (model-theoretic or other) semantic systems that aim at...