Definition of veil lifting in US English:

veil lifting

noun

  • 1The action of lifting or removing a veil; (figurative) the exposing of something previously unknown or not generally discussed (also attributive); compare to lift the veil.

  • 2Commercial Law the identification of the rights or duties of a corporation with the rights or liabilities of its shareholders or directors; the removal of the corporate veil.

Origin

Mid 19th century; earliest use found in Home Journal (New York).