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.

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The company's 3G Test Mobile has become the industry de-facto standard for WCDMA infrastructure testing.
Softface is the emerging de-facto standard for Enterprise Content Automation.
We are honored that he has chosen Softface to be one of the technology companies under his guidance," continues Olivier Sermet, Softface's President and CEO, "It is a validation that Softface is becoming a brand name and a de-facto standard for content automation.
With several million users in over 80 countries, it is the 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.