Carry 10%

[Marques Rounds]

Were looking to wholesale a property to an interested investor. He stated "at $550K . . . gives me enough room to talk my money provider into a reasonable money . . . your seller has to carry 10% of the price in second position for 90 days . . . I don't have to sell the place to get him/her the balance . . . just coming out of pocket every time I do one of these is a little hard on my wallet . . . I just take it out of money that comes immediately following the purchase . . . ."

What are the stipulations of carrying 10%? What does this mean.