Calis Beach and Fethiye Turkey Discussion Forum
Information and Services in Turkey Section => Banks, Interest, Money Transfers, Insurance => Topic started by: brianthegardener on November 17, 2008, 20:18:37 PM
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I understand a Semit is like a buisnes cheque...can anyone tell me how this works and or who is gaurantee the semit...thank you in advance :)
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Hi Brian, I think it's a 'I.O.U', a 'promissory note'.
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Originally posted by cef
Hi Brian, I think it's a 'I.O.U', a 'promissory note'.
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/quote]
I thanks for reply Cef ...do you know if there is a guarantee with the semit? and if so by who?
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If it's what I think it is Brian, a guarantee or guarantor will be as good or bad as the person making it.
If it were me, I stick to cash mate :)
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quote:
Originally posted by cef
If it's what I think it is Brian, a guarantee or guarantor will be as good or bad as the person making it.
If it were me, I stick to cash mate :)
thanks Cef :)
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Further to my emails to Brian, here's a bit of info for other members.
A SENET is a promissory note, voucher or IOU. Although you obtain them from banks, the bank is not acting as guarantor for any money involved.
You get the form from a bank and just fill-in the blank spaces. You can have the form notarised, or not.
If the purchaser backs out of the deal, you can use the Senet to take them through the courts, but even if a judge agrees with you and decides that a custodial sentence is appropriate, the sentence could be served by the accused and they could still retain the property and the outstanding money.
It's unlikely that a Turkish person would accept a Senet in a transaction in the current economic climate.
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:) Good explanation Alan. Good to know I had the gist of it right 8)