Non-Cash Charge
Categories: Banking, Accounting
See: Cash Charge. This is the "non" version. Something went wrong. You thought that the $22 million paid for the magic coffee bean formula would really move sales; it didn't. People laughed. And didn't buy. So now you need to write down that value on a non cash charge of $21 million so that you hold its value as $1 million on your books. Next time, ask Jack.