Error: This constituent has associated revenue and therefore cannot be deleted - when attempting to delete a constituent

When attempting to delete a constituent, one may encounter the following error:

This constituent has associated revenue and therefore cannot be deleted.
If the constituent ever had posted revenue on their record, the constituent cannot be deleted (even if the posted revenue has since been deleted). Instead, the constituent should be marked 'Inactive'.
 

Environment

 Blackbaud CRM
 4.0

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