Bad code isn’t Technical Debt, it’s an unhedged Call Option
This is all Chris Matts idea. He realised that the problem with the “Technical Debt” metaphor is that for managers debt can be a good thing. Executives can be required to take on more debt because it makes the finances work better, it might even be encouraged by tax breaks. This is not the same debt as your personal credit card. Chris came up with a better metaphor, the Call Option.