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de facto
(redirected from De-facto)

   Also found in: Legal, Wikipedia, Hutchinson 0.01 sec.
De facto
Existing in actual fact although not by official recognition.

De Facto
Existing in fact, but not by legal standard. In business, one occasionally makes reference to "de facto" monopolies in situations where alternatives to a certain brand may exist, but the brand has such a large market share that the alternatives may as well not exist. Likewise, some analysts of the 2008 recession have discussed the "de facto" nationalization of the banking industry, in which some governments, notably the British, bought some banks outright and implicitly guaranteed the existence of all other banks.

de facto

In fact, in actuality, as things are really done. The phrase is used to express a state of affairs or condition that might not be technically legal, but which has the same effect as the legal condition. Here are two examples:
• When an apartment complex allowed the power to be disconnected for nonpayment and failed to secure a reconnection, it amounted to a de facto eviction of all the tenants (also called a constructive eviction).
• The IRS has ruled that a long-term lease of property with the right to purchase for $1 at the
     end of the term is not a true lease, but a de facto installment sale.



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Yes, Stalin gained an enormous concession when Franklin Roosevelt and Winston Churchill accepted de-facto Soviet control over Eastern Europe; but still ahead was the Allied military campaign to defeat Japan, which was expected to cost a million U.
PhysX software supports wide variety of PC and console platforms and is poised to become the de-facto standard for physics simulation for the game industry.
2 into single interface with the goal of becoming new, de-facto industry standard
 
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