"Technical Debt" refers to the implied cost of additional rework caused by choosing an easy solution now rather than a better approach that would take longer. In software development, technical debt can accumulate when developers prioritize speed over quality, leading to code that may be inefficient, poorly structured, or lacking in documentation. While it can facilitate rapid development, failing to address technical debt can hinder future progress, complicate maintenance, and increase long-term costs. Managing technical debt is essential for sustaining software quality and performance.