Meaning of the word "founded on" in English

What does "founded on" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

founded on

US /ˈfaʊndɪd ɑn/
UK /ˈfaʊndɪd ɒn/

Phrasal Verb

to be based on a particular idea, principle, or fact

Example:
The company was founded on the principle of customer satisfaction.
Their argument was founded on a misunderstanding.