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 and profit, part 1. At its elemental level, overhead is the money you would have to pay to keep your business operating when you had no one working in the field. It includes everything except material, labor and job expenses. Office expenses, salaries, sales expenses, office equipment, vehicles and similar expenses are considered to be overhead.