Cryptocurrency Q&A
What is the veil in finance?
What is the veil in finance?
Martino
Mon Nov 11 2024
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7 answers
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I've heard the term 'veil' in finance, but I'm not sure what it means. Can someone explain to me what the veil in finance refers to and how it affects financial transactions or decisions?
7 answers
Elena
Wed Nov 13 2024
This separation implies that the individuals who run or own a company are not personally liable for the actions taken by the company.
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DaeguDivaDanceQueenElegantStride
Wed Nov 13 2024
Essentially, the corporate veil acts as a shield that protects shareholders from being held accountable for the debts or obligations incurred by the company.
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Giuseppe
Wed Nov 13 2024
The idea behind the corporate veil is that shareholders invest their money in a company with the understanding that their financial risk is limited to the value of their shares.
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Ilaria
Wed Nov 13 2024
The corporate veil is a concept in English law that relates to the separation between a company and its managers or shareholders.
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EnchantedMoon
Wed Nov 13 2024
This means that if a company faces financial difficulties or legal issues, the shareholders' personal assets are not at risk of being seized to satisfy the company's debts.
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