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de facto corporation
de fac·to cor·po·ra·tion (plural de fac·to cor·po·ra·tions)


noun 
Definition:
 
company existing without a charter: an existing company that is not legally chartered to conduct business
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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