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That would depend on the way it is used in the context of a sentence. Take the following 2 sentences:

We have 10 of those components on hand.

This list shows on-hand hardware available in inventory.

In the second sentence, on-hand is used as an adjective describing the hardware, therefore it would need a hyphen. In the first sentence, on hand is noun because it is a state of the word components.

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11y ago

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