de facto
de facto definition - business
de facto
Latin for “in fact." For example, a company may offer such a widely used product that the product becomes the de facto standard of the industry. The product is not officially recognized as the standard, but in practice the product is the standard. Compare de jure.
The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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