Functional Debt
Future cost associated with past-and-present shortcuts taken from a functional perspective, including lack-of-investment in: sufficient analysis of business risk, change management, business rules, process modeling and full understanding of customer needs
Manifests as a cost in the present, beared by functional practitioners, the payments of which come in the form of limitations on innovation and implementation beyond the current product iteration to meet customer needs, often born from sacrificing functional analysis in lieu of delivery speed.