de facto

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Related to De facto standard: De jure standard

De facto

Existing in actual fact although not by official recognition.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
A de facto standard is of course not a formal standard.
Pointsec is the worldwide de facto standard for mobile device security -- with the most customers deployed, highest level of certification, and more complete device coverage than any other company.
SCORM is the de facto standard specification for e-learning content interoperability.
Precision instrumentation can now be distributed over long distances using a de facto standard communication bus.
IMPI is a generalization of the Message Passing Interface (MPI), the de facto standard for writing parallel scientific applications in the message passing programming paradigm, now provided by all high-performance computer vendors.
GSM (global system for mobile communication), the European digital standard, is now the global de facto standard. It's passed 300 million subscribers and predictions say 1.0666 billion by 2005.
The PDF standard has become the de facto standard for distributing documents across multiple platforms--such as IBM PC, Macintosh, and Unix computers--and the Internet.
PDF (Portable Document Format) has become the open de facto standard for electronic document distribution worldwide.
"As an Internet-based product, we think that bolero net will prove accessible to a wide range of organizations, and we fully expect it to become a de facto standard for the electronic exchange of business and trade information in the near future.
The Committee on Liturgy has produced a draft document entitled Domus Dei in response to requests to overhaul Environment and Art in Catholic Worship (EACW), which has been the de facto standard since its promulgation in 1978.
is positioned to become the de facto standard for delivering accurate color on-line," said Bill Hilliard, CEO.
For Dascom, the purchase by IBM was a natural move after the integration of its technology with SecureWay, as it feels it will benefit in its attempt to become a de facto standard for e-business security from IBM's brand recognition and huge customer base.