Electronic Funds Transfer (EFT) With electronic funds transfer (EFT), government agencies can pay and collect money electronically, without having to use paper checks. EFT is safe, secure, efficient, and less expensive than paper check payments and collections. Each time the government pays by check, it costs $1.03 (just over a dollar).
Definition of overhead. 1  1 : business expenses (as rent, insurance, or heating) not chargeable to a particular part of the work or product. 2  2 : ceiling; especially : the ceiling of a ship's compartment. 3  3 : a stroke in a racket game made above head height : smash.
For the computing term, see Overhead (computing) . In business, overhead or overhead expense refers to an ongoing expense of operating a business; it is also known as an operating expense. Overheads are the expenditure which cannot be conveniently traced to or identified with any particular cost unit.Such expenses are incurred for output generally and not for particular work order e.g., wages paid to watch and ward staff, heating and lighting expenses of factory etc.verheads are the expenditure which cannot be conveniently traced to or identified with any particular cost unit. Such expenses are incurred for output generally and not for particular work order e.g., wages paid to watch and ward staff, heating and lighting expenses of factory etc.