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Technical debt is the outcome of implementation of the simplified and short-term solutions in development, which lead to constantly increasing expenses and time required for the following fine-tuning, code rewriting or existing product maintenance. The main types:
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Deliberate Technical Debt
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Obsolete Project Architecture
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Cumulative Technical Debt
If you want to know more about technical debt, its main types and reasons, read the full article Technical Debt: Where Comes From and How to Manage It