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 those costs required to run a business, but which cannot be directly attributed to any specific business activity, product, or service. Thus, overhead costs do not directly lead to the generation of profits.verhead and direct costs, when combined, equal all of the expenses incurred by a company. Similar Terms. Overhead is also known as burden or indirect costs. A subset of overhead is manufacturing overhead, which is all overhead costs incurred in the manufacturing process.