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It’s a somewhat clever way of saying cutting corners for a short term savings will cost you more in the long run. Basically, if a project has to be finished very quickly with less testing, the code will be more likely to have errors to be fixed later. Sometimes, this is the lesser of two evils if one is facing a hard deadline. However, a great example of this in practice (to some degree, anyway) is the federal government’s healthcare website, and while it met the deadline, the result was a broken site that had to be fixed at considerable cost in time, money and credibility.
Here is an interesting article making the point that sometimes technical debt may be ok.