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That depends on the context (or how it is used in a sentence). Based on the fact could mean that if that "fact" is true then everything else mentioned is true. If the fact is false, then everything else may not be true. For example, if I said "these figures are based on the fact that the same discounts are available for the rest of the year". This would mean, if the same discounts were offered, those figures would be correct. If not, those figures would not mean anything. If it was used as "based on fact", this could have a different meaning. This statement is mainly used when referring to films or books. Used in a sentence, this would mean that the story is similar to that of a true story, but some fictional parts may have been added or characters may have changed.

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15y ago

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