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. Definition: Overhead is those administrative expenses of a business that are required to operate general corporate functions, and which cannot be definitively attributed to any revenue-generating activities or units of output (such as products to be sold).verhead is a necessary part of a business, and must be paid for even when sales levels are low or nonexistent. The cost of overhead can be substantial, which is why managers tend to closely monitor it. Examples of overhead expenses are as follows: 1  Accounting. 2  Administrative salaries.