Did you know?

Click any word in a definition or example to find the entry for that word

addaword.gifdefinition of pierce the corporate veil

phrase
(also lift the corporate veil)
in law, the decision to treat the rights and duties of a company as being the same as the rights and duties of its shareholders
In order for the corporate veil to be pierced there must be some skulduggery, in the absence of which the legal personality of the company will remain intact.
Submitted from United Kingdom on 13/06/2013 09:10:00
Definition of pierce the corporate veil from the Open Dictionary – a public resource hosted by Macmillan English Dictionary Online

pre-cation

a paid holiday given to a new employee before they start their job

BuzzWord Article

Blog

A must for anyone with an interest in the changing face of language. The Macmillan Dictionary blog explores English as it is spoken around the world today.

global English and language change from our blog