de facto

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Related to De facto independence: de jure

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 ?
There are a small number of researchers attempting to differentiate between de jure and de facto independence (e.
In other words, within a given legal framework, policymakers in the United States have been able to engage in varying degrees of de facto independence and adherence to rules-based policy.
The de jure perspective assigns a constant measure to Japan because the 1942 Bank of Japan Law with some revisions made in 1949 remained the operating document of the Bank until the Bank of Japan Law was revised in 1997; however, the Bank of Japan actually achieved a meaningful but difficult to quantify increase in de facto independence after 1973.
China has repeatedly warned that any Taiwanese moves to formalise its de facto independence could be met with war.
Interest centres on the Russians of southern and eastern Ukraine, and on Transdniestria, which would love its de facto independence from Moldova to be formally recognised by Russia.
The two regions are internationally recognised as part of Georgia, but they have enjoyed de facto independence since breaking from Tbilisi's control in the early 1990s.
Saakashvili last week ordered Georgian troops into the tiny enclave of South Ossetia, which has maintained de facto independence since 1992, in a bid to restore "constitutional order".
The conflict began on Friday when Georgia launched a largescale military operation to retake South Ossetia, which has had de facto independence since 1992.
TheUnited Nations Security Council met yesterday for the fourth time in as many days to try to resolve a conflict that began when Georgia launched a large-scale military operation to retake South Ossetia, which has had de facto independence since 1992.
The document, posted on the government's official website, reads: "Seventeen years of South Ossetia's de facto independence proves the republic's liability, and its sovereignty needs to be legitimised by the UN Charter".
Washington has urged Chen not to hold the referendum on entry to the UN, fearing that it could test the patience of Beijing which views it as a push by Chen toward formalizing the island's de facto independence.
Most committee members accept the Kurds will not give up the de facto independence they have enjoyed since 1991 in the north.