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.

References in periodicals archive ?
It offers deFacto Performance Management application and deFacto Application Development Kit (ADK).
DeFacTo of Moirans (near Grenoble), France, and Palo Alto, Calif.
Through this collaboration with Sequence, DeFacTo aims to demonstrate that providing scan at RTL contributes in efficiently detecting and solving power problems that become critical during manufacturing testing, and also in better budgeting power in general," said Chouki Aktouf, DeFacTo CEO and CTO.
Providing support to DEFACTO for work operations on ~ sealing and flooring , parts and technical meetings on topics of litigation.
Their product line of Gateways and other broadband equipment, combined with their commitment to MoCA enabled products, furthers the MoCA ecosystem and MoCA as the defacto method for home networking entertainment over coax," said Ladd Wardani, MoCA President.
The management of the Jules Verne terminal, major equipment of Defence site, is under the direct responsibility of DEFACTO that engaging the services of the owner to ensure the ongoing management, reception and regulation of flows.
MoCA is one of our key approaches, as it is the only standard on coax that can be used by all operator segments including cable, satellite, telco and terrestrial broadcast, and is thus destined to become the defacto coax home networking standard for delivery of HDTV home entertainment products for use in Asian and U.
Contract award: framework agreement multi awarded consulting, creation and production of communication materials on behalf of defacto.