One of the mysteries of the English language finally explained.
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.
Mid 19th century; earliest use found in Home Journal (New York).
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