Technical debt is the term used to describe the amount of extra work that a team will need to do in the future due to shortcuts taken during development. These shortcuts might include using hacky code or taking on too much debt. Technical debt can be helpful in the short term, as it can help a team move faster and meet deadlines. However, it can also lead to problems down the road, making it harder to make changes or add new features. As a result, teams need to consider whether taking on technical debt is worth the trade-off.