Longman Dictionary of Contemporary English homepage

Topic: INDUSTRY

Date: 1300-1400
Language: Old French
Origin: fonder, from Latin fundus 'bottom'

found

2 verb
     
found2 W3 [transitive]
1 to start something such as an organization, company, school, or city, often by providing the necessary money [= establish]:
Founded in 1935 in Ohio, Alcoholics Anonymous is now a world-wide organization.
Eton College was founded by Henry VI in 1440.
2

be founded on/upon something

a) to be the main idea, belief etc that something else develops from [= be based on something]:
The British parliamentary system is founded on debate and opposition.
b) TBC to be the solid layer of cement, stones etc that a building is built on:
The castle is founded on solid rock.
3 technicalTI to melt metal and pour it into a mould (=a hollow shape), to make things such as tools and parts for machines
founding noun [uncountable]
the founding of the University of Chicago
well-founded
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