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.
overhead-Computer Definition. Data that is not part of the user data, but that is stored or transmitted with it. Overhead can be used for a wide variety of purposes, such as circuit monitoring, channel separation, addressing, error control, priority indication, and congestion management.verhead-Investment & Finance Definition. Expenses that arenât directly related to the production of goods or services, but are more general and company-wide in nature. Examples of overhead are salaries for staff positions at headquarters and in human resources, accounting, payroll, and security departments.