de facto

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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.

References in periodicals archive ?
It has become a de-facto standard for remote logins, and increasingly many organizations are completely prohibiting any other form of access to their networks from the public Internet.
With such features as high speed, hot "pluggability," USB has become a de-facto standard for various consumer and peripheral devices.
lib + Stamp), the industry's de-facto standard library format.
Along with obtaining access to de-facto standard formats, TAP-in provides its partners with professional support, an open channel to provide feedback, training and focused documentation.
the de-facto standard in storage routing, today announced an OEM agreement with McDATA Corporation to supply the Crossroads 4200 Fibre-Channel-to-SCSI Router.
Akira Koyama, senior manager of Solution Technology in Microsoft Corporations' Application Developer Customer Unit, Japan, said, "Since the Windows NT operating system has been recognized as the de-facto standard platform for enterprise client/server systems, we have seen a strong growth in the number of customers who install Windows NT for their enterprise operations.
cortex(TM) is a development platform based on these de-facto standards directed to companies implementing applications for end users such as building management systems and process control applications.