Business Dictionary : Depend
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Depend : verb : to depend on = to need someone or something to exist
The company depends on efficient service from its suppliers.
We depend on government grants to pay the salary bill.
Depend : verb : to happen because of something
The success of the launch will depend on the publicity.
Depending On = varying because of something
Depending on the advertising budget, the new product will be launched on radio or on TV.
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