A more thorough explanation:

Definition: SCIN stands for self-canceling installment note. It is a debt obligation that is automatically extinguished at the creditor's death. Any remaining balance on the note becomes uncollectible. Self-canceling notes are typically used in estate planning.

Example: John owes $100,000 to his father. They agree to use a self-canceling installment note, which means that if John's father dies before the debt is fully paid, the remaining balance on the note becomes uncollectible. This way, John doesn't have to worry about paying off the debt if his father passes away.

This example illustrates how a self-canceling installment note works. It provides a way for the debtor to avoid paying off the debt if the creditor dies before the debt is fully paid.