The veiled recession frame has served several times in the literature to provide examples of modal logics failing to have certain desirable properties. Makinson [4] was the first to use it in his presentation of a modal logic without the finite model property. Thomason [5] constructed a (rather complicated) logic whose Kripke frames have an accessibility relation which is reflexive and transitive, but which is satisfied by the (non-transitive) veiled recession frame, and hence incomplete. In Van Benthem [2] the frame was an essential tool to find simple examples of incomplete logics, axiomatized by a formula in two proposition letters of degree 2, or by a formula in one proposition letter of degree 4 (the degree of a modal formula ϕ is the maximal number of nested occurrences of the necessity operator in ϕ). In [3] we showed that the modal logic determined by the veiled recession frame is incomplete, and besides that, is an immediate predecessor of classical logic (or, more precisely, the modal logic axiomatized by the formula p↔□ p), and hence is a logic, maximal among the incomplete ones. Considering the importance of the modal logic determined by the veiled recession frame, it seems worthwhile to ask for an axiomatization, and in particular, to answer the question if it is finitely axiomatizable. In the present paper we find a finite axiomatization of the logic, and in fact, a rather simple one consisting of formulas in at most two proposition letters and of degree at most three. [ABSTRACT FROM AUTHOR]