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 ?
In his seminal work on de facto states, Scott Pegg argues that de facto states' tendency to enter into relations with other states reflects their quest for international recognition.
Nevertheless, Chief Justice Beverley McLachlin wrote that to impose de facto recognition of common-law couples "would be less effective in promoting Quebec's goals of maximizing choice and autonomy for couples in Quebec.
The leftist newspaper AS SAFIR said Friday that "a de facto government" has been postponed for now, while "new ideas" were being discussed to settle the dispute over the Interior Ministry portfolio.
In general, if a de facto liquidation is deemed to occur, the tax consequences are substantially the same as if the company had formally liquidated.
There's a natural evolution here, in that Circadiant has become the de facto standard for 10 GE physical layer compliance testing and has now teamed up with the industry's leading Ethernet standards verification lab," said My Chung, Circadiant CEO.
The Quorum Midstream Suite includes TIPS, the de facto industry standard solution for gas plant accounting, PGAS, the leader in gas measurement software, division order & disbursements, gathering management, liquids marketing, and enterprise contract management.
Both the properly steeped and ready-to-drink 710EGCG "inabottle" and the 710EGCG loose-leaf green teas are organically grown, carefully produced, laboratory tested and guaranteed to meet the NCI de facto standard.
Judges from Southern District New York, District of Northern California, and District of Massachusetts as well as litigators from Wilson Sonsini Goodrich & Rosati and Skadden Arps agreed at the "Legal and Strategic Guide to E-Discovery" and CGOC Discovery Working Lunch "Monitoring Legal Holds in Active Litigation" that the Zubulake standards for preserving and collecting information for litigation have quickly become the de facto standard, citing numerous cases in other jurisdictions that have applied the standard.
0 Plus product makes scanning more efficient and enhances the quality of scanned images by expanding the existing capabilities of the VRS technology, the de facto industry standard for image processing.
The company's Ascent platform is the most popular information capture application worldwide, and its VRS (VirtualReScan) is the de facto standard for scanning productivity.
SEATTLE -- Stringent Third-Party Testing Measures TrafficShield Against the Industry's De Facto Standard for Web Application Security; Verifies That It Provides Solid Protection