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1.
being derived from (often followed by 'on' or 'upon')
a film based on a best-selling novel
2.
having a base
firmly based ice
3.
having a basis; often used as combining terms
a soundly based argument
a computer-based system
4.
having a base of operations (often used as a combining form)
a locally based business
an Atlanta-based company
carrier-based planes
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