Does Acrylic Mean Water Based?

Does Acrylic Mean Water Based? The vehicle and binder of oil paints is linseed oil (or another drying oil), whereas acrylic paint has water as the vehicle for an emulsion (suspension) of acrylic polymer, which serves as the binder. Thus, oil paint is said to be “oil-based”, whereas acrylic paint is “water-based” (or sometimes “water-borne”).