Hello folks,
I need your help with a phrase I came across in a text I am working on. It\'s in a contextless short message displayed in an online banking system. For confidentiality, I have modified the message a little bit as follows: \"No invoice details can be updated if the invoice has been financed. \"
Does it mean to pay the amount as stated in the invoice?
In the UK at least, it can refer to a process where you hand the invoice (and the associated debt) onto a third party. The third party pays you XX% of the value of the invoice immediately, then (tries to) collect the full value of the invoice from whoever owes it. You get (less) money much faster, the third party profits by 100%-XX%.