Vendor loan
installments granted by the seller of the business
In more detail
An installment plan from the seller of the business: part of the price is received not in money but as the buyer's promise to pay later.
It was invented for deals where the bank is not prepared to give everything. It also tests the seller: someone confident in their business will agree to wait.
Where it appears in the course
In the academy “Vendor loan” is not a definition but an operation: you post it yourself and watch what it does to the balance sheet.