de facto

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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 ?
Reminding that DeFacto operates more than 500 stores in 30 countries with 13,500 employees, he said: "We believe that gender equality should be established and maintained in business and social life for sustainable growth."
The San Diego branch of the ACLU claims the court "is creating a defacto poverty exemption in the Fourth Amendment." The county defends it approach, claiming that it has saved millions of dollars for the county.
But a few insurers have no limit on claims once you have signed up - and Defacto advises drivers to grab this cover if they can.
The private sector has made this a defacto standard for RMAs, and most large corporations have used this standard in software assessments.
Spangenberg, Director of the Naval Air Systems Command's (NAVAIRSYSCOM) Evaluation Division and defacto chief aircraft engineer at the time of his 1973 retirement, succumbed to automobile accident injuries last fall at 88 years old.
As a private citizen, I should not be required to be a party, defacto or otherwise, to an action which destroys outright the life of the most vulnerable and defenceless in our society--the unborn child.
He even tried to get the county clerk to expunge his marriage license from the public record, and claimed to be "no longer one of your citizens of your defacto government."
However, because access to residential camp experiences was inhibited for African Americans during this period due to legislative and defacto racial segregation, many middle-income and affluent African Americans also sent their children to Camp Atwater.
There was defacto slavery for blacks, Native Americans, women, children, and the elderly.
The real stance, changed or the same, would come from the defacto spokes-App; Twitter, from the defacto briefing room; Trump's bathroom.
The markets are viewing this indication from the FOMC as a defacto 5 bp rate cut as the Fed looks to establish a floor.
It was the defacto event, which lead to the rise of the new order of the United States, replacing that of the decaying United Kingdom at the time.