# What exactly does after tax "charge" mean?

My question isnt about the after tax part, but what is meant by "charge" as in "GE took a $6.2 billion after-tax charge". I get that GE would like to get rid of their LTC (Long Term Care Insurance) business - take it off their books -- offload risk -- whatever. But when the word "charge" is used generally, what does that mean? Sorry if this question is misplaced, but accounting doesn't yet exist in SE • A very good explanation investopedia.com/terms/o/one-time-charge.asp Jul 5 '19 at 20:44 • This explains it well. Thank you. The quora article you posted was also good, did you delete it? So just to clarify in the case of GE, this is a non-cash charge? They're essentially declaring their entire LTC book of business an "impaired" asset, and devaluing this asset in a writedown by$6.2 billion. Is that right? Jul 5 '19 at 20:51
• Yes, I think you are right on all counts. (The other article was quora.com/What-does-it-mean-to-take-a-charge-against-earnings ) Jul 5 '19 at 20:58
• Got it. Now how do I give you credit for answering? Jul 5 '19 at 21:02
• I did not really answer it, I just pointed you to a public source of info. Aug 23 '19 at 16:18