“Piercing the corporate veil” refers to a situation in which courts put aside limited liability and hold a corporation’s shareholders or directors personally liable for the corporation’s actions or debts. Veil piercing is most common in close corporations.
Besides, what is secrecy meaning?
1 : the condition of being hidden or concealed. 2 : the habit or practice of keeping secrets or maintaining privacy or concealment.
| secretiveness | furtiveness |
|---|---|
| clandestineness | mystery |
| stealth | surreptitiousness |
| covertness | closeness |
| concealment | huggermugger |
In this manner, how do you spell secrecy?
Correct spelling for the English word “secrecy” is [s?i?k??s?i], [s?i?k??s?i], [s_?i?_k_?_?_s_?i] (IPA phonetic alphabet).
What is lifting the veil of incorporation?
LIFTING THE VEIL OF INCORPORATION. … Lifting the veil occurs where the courts or law disregard the corporate personality of the company in deserving circumstances. In Adeyemi V Lan and Baker (Nig) Ltd, the court held that there is nothing sacrosanct about the veil of incorporation.
What is the veil of incorporation?
The veil of incorporation ensures that a company is a separate legal entity from its directors and shareholders, thus protecting the personal assets of owners and investors from lawsuits. It carries with it the concept of limited liability which ordinarily flows from the doctrine of corporate personality.
What is the meaning of abide?
1 : to remain stable or fixed in a state a love that abided with him all his days. 2 : to continue in a place : sojourn will abide in the house of the Lord. abide by. 1 : to conform to abide by the rules. 2 : to accept without objection : to acquiesce in will abide by your decision.
What does integrity mean?
1 : firm adherence to a code of especially moral or artistic values : incorruptibility. 2 : an unimpaired condition : soundness. 3 : the quality or state of being complete or undivided : completeness.
What does winched mean?
1 : any of various machines or instruments for hauling or pulling especially : a powerful machine with one or more drums on which to coil a rope, cable, or chain for hauling or hoisting : windlass. 2 : a crank with a handle for giving motion to a machine (such as a grindstone) winch. verb. winched; winching; winches.
What is the opposite of secret?
What is the opposite of secret?
| visible | apparent |
|---|---|
| unconcealed | unhidden |
| clear-cut | easily seen |
| in sight | in view |
| not hidden | on display |
Is secretiveness a word?
The habit, practice, or policy of keeping secrets: clandestineness, clandestinity, concealment, covertness, huggermugger, huggermuggery, secrecy, secretness.
Is Sacrecy a word?
Sacrecy has no English definition. It may be misspelled.
What is the difference between privacy and secrecy?
– The act of keeping information hidden. So, privacy is about being on your own, with your own thoughts, feelings, and experiences. … Because where privacy is about having a life that you don’t share with others, secrecy is about intentionally hiding information.
