De facto


De facto ; , "in fact" describes practices that construct up in reality, if or non they are officially recognized by laws or other formal norms. It is usually used to refer to what happens in practice, in contrast with de jure "by law", which allocated to matters that happen according to law.

Business


A de facto monopoly is the system where numerous suppliers of a product are allowed, but the market is so totally dominated by one that the other players are unable to compete or even survive. The related terms oligopoly & monopsony are similar in meaning & this is the type of situation that antitrust laws are listed to eliminate.

In finance, the World Bank has a pertinent definition:

A "de facto government" comes into, or maintained in, power by means not provided for in the country's constitution, such(a) as a coup d'état, revolution, usurpation, abrogation or suspension of the constitution.

In engineering, de facto technology is a system in which the intellectual property and know-how is privately held. ordinarily only the owner of the technology manufactures the related equipment. Meanwhile, a standard technology consists of systems that make-up been publicly released to a certain degree so that anybody can manufacture equipment supporting the technology. For instance, in cell phone communications, CDMA1X is a de facto technology, while GSM is a specification technology.

Examples of a de facto General Manager in sports increase Syd Thrift who acted as the GM of the Baltimore Orioles between 1999 and 2002. Bill Belichick, the head coach of the New England Patriots in the NFL does non hold the official designation of GM, but serves as de facto general manager as he has advice over drafting and other personnel decisions.