Pronunciation: /pɪərs/lɪft ðə ˈkɔːrpərət veɪl/
noun a word that refers to a person, place, thing, event, substance, or quality
A1 I don't understand what it means to pierce the corporate veil.
A2 The lawyer explained that piercing the corporate veil could expose the company's owners to personal liability.
B1 In some cases, a court may decide to lift the corporate veil to hold individuals accountable for the company's actions.
B2 The concept of piercing the corporate veil is often debated among legal scholars.
C1 Judges carefully consider the implications of lifting the corporate veil before making a decision.
C2 Lawyers must be well-versed in the legal principles surrounding the piercing of the corporate veil in complex cases.
verb a word that expresses an action, occurrence, or state of being
A1 I don't understand what it means to pierce the corporate veil.
A2 In some cases, a court may pierce the corporate veil to hold individuals responsible for a company's actions.
B1 Lawyers often advise business owners on how to avoid having the court pierce the corporate veil.
B2 Investors should be aware of the risks involved if a court decides to lift the corporate veil.
C1 The legal team successfully argued to pierce the corporate veil and reveal the true ownership of the company.
C2 The complex financial transactions were designed to lift the corporate veil and hide the company's true financial status.
preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence
A1 Lawyers can pierce the corporate veil to hold individuals responsible for the company's debts.
A2 In some cases, courts may lift the corporate veil to uncover the true owners of a business.
B1 The concept of piercing the corporate veil is often used in legal disputes involving small businesses.
B2 Investors should be aware of the potential consequences of piercing the corporate veil before entering into partnerships.
C1 Lawyers use the doctrine of piercing the corporate veil to determine liability in complex corporate structures.
C2 Judges carefully consider the implications of lifting the corporate veil before making a decision in court cases.
article a word that is used with a noun to specify grammatical definiteness of the noun
A1 In business, sometimes it is necessary to pierce the corporate veil to hold individuals accountable for their actions.
A2 When legal issues arise, lawyers may try to lift the corporate veil to reveal the true owners of a company.
B1 To determine liability in a complex corporate structure, a court may need to pierce the corporate veil.
B2 Investors should be aware of the risks involved in piercing the corporate veil, as it can have significant legal consequences.
C1 The concept of piercing the corporate veil is a complex legal doctrine that requires careful consideration and expert advice.
C2 In cases of fraud or misconduct, courts may be more inclined to lift the corporate veil to uncover the true nature of a company's operations.
formal In legal cases involving fraud or misconduct, the court may pierce the corporate veil to hold individuals accountable for the actions of the company.
informal When things get messy in a lawsuit, they might try to pierce the corporate veil to see who's really responsible.
slang If the company is trying to hide something, the court might decide to lift the corporate veil and expose the truth.
figurative Sometimes we need to pierce the corporate veil of a situation to uncover the underlying motivations and interests at play.
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