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.
A costing system in which overhead costs are applied to a job by multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the job. Over-applied Overhead A credit balance in the Manufacturing Overhead account that occurs when the amount of the overhead cost applied to Work in Process exceeds the amount of overhead cost actually incurred during a period.