The document discusses technical debt in software development. It defines technical debt as shortcuts taken due to ambitious deadlines and lack of resources that reduce code quality. This leads to increased costs of maintenance and changes over time. The document recommends avoiding technical debt by using modular architectures, test-driven development, and shared coding standards. It suggests either refactoring code incrementally over time or deliberately taking on small, documented amounts of debt for bursts of new features before cleaning up. Technical debt can also be accepted but the interest costs must be managed.