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 is the cost of running a company's daily business operations. This amount is fixed and does not change as the company's production level rises or falls. The operating overhead rate is expressed as a percentage of the company's direct product costs.Lowering the overhead rate increases the company's profit margin on the goods or services it sells.Step 1.his amount is fixed and does not change as the company's production level rises or falls. The operating overhead rate is expressed as a percentage of the company's direct product costs. Lowering the overhead rate increases the company's profit margin on the goods or services it sells. Step 1.