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 ?
De facto independence changes over the sample periods, and as such the use of indexes that are constant over long periods of time lack empirical power.
We need to encourage more predictable policy that has worked and discourage the bouts of discretion and loss of de facto independence which have not worked.
Formal independence did not insulate the Bank from political pressure and despite the increase in de jure independence, the Bank of Japan experienced a decline in de facto independence under the Koizumi and post-Koizumi administrations.
Most importantly, revisionist interpretations suggest that the demise of the first Arab bourgeoisie was not pre-or- dained and that a reasonably successful capitalism, democratic or otherwise, might have been established in Arab countries in the wake of de facto independence.
But most groups, which have a deep distrust of Yangon and have enjoyed de facto independence for decades, have refused the junta s "offer," saying they have nothing to gain from polls.
Beijing has threatened to use ''non-peaceful means'' to deal with any attempt by the island to formalize its de facto independence.
China typically blocks APEC envoy candidates from Taiwan whose political background calls attention to the island's de facto independence, a prickly issue for Beijing, which claims the island as its own and seeks unification.
The province had achieved de facto independence from Georgia in the 1990s during the breakup of the Soviet Union.
The region was plunged into chaos on Thursday afterGeorgia launched a large-scale military operation to retake South Ossetia, which has had de facto independence since 1992.
Iraq's cohesion in the postelection period remains in doubt, with the Kurds pursuing de facto independence and the Sunnis risking isolation because of their low rate of participation in Sunday's elections.
Chechnya won de facto independence from Russia after a 1994-96 war with Moscow.
Abkhazian separatists drove out Georgian forces in a 1992-93 war that ended in a ceasefire and de facto independence.