self canceling installment note

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. — Abbr. SCIN.

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词条贡献者

译者Lester，毕业于法国一流的高级翻译学院，擅长翻译各种与环境与自然资源相关的法律文件。