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What Does “Malen ve Nakden Ahzolunmuştur” Mean in Promissory Notes?

Learn what the expression “malen ve nakden ahzolunmuştur” means on Turkish promissory notes, whether it is mandatory, and when to use it.

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What Does “Malen ve Nakden Ahzolunmuştur” Mean?

This Ottoman Turkish phrase translates roughly to “the goods and cash have been received.” Merchants add it to promissory notes to acknowledge that the debtor has taken delivery of both the goods (malen) and the money (nakden), leaving no pending condition.

Why Do People Use It?

  • Delivery confirmation: The debtor cannot later claim that the goods or cash were never delivered.
  • Accounting alignment: Turkish ledgers often classify entries as “malen” or “nakden”; the note mirrors that terminology.
  • Evidence: In a dispute, the phrase acts as a written admission that consideration was received.

Is It Legally Mandatory?

No. Article 776 of the TCC does not require this phrase for a valid bono. Essential elements remain the wording “bono/order promissory note,” the unconditional promise to pay, the amount, dates, and signatures. The phrase is optional but useful in trade relationships.

When Should You Include It?

  1. When the note documents both a delivery of goods and a cash advance.
  2. When parties operate in different cities and want written assurance of receipt.
  3. When the seller anticipates objections about delivery or prepayment.

Tips

  • Consider adding a modern Turkish explanation in parentheses so everyone understands it.
  • Reference invoice or waybill numbers to reinforce the delivery proof.
  • Keep supporting documents in your Senetyaz archive together with the note.

Takeaway

While “malen ve nakden ahzolunmuştur” is not a legal requirement, it is a practical safeguard against later disputes over delivery or payment. Senetyaz templates include custom-note fields so you can insert such confirmation language whenever needed.