For what it's worth, I shy away from the term and talk more about approaches and outcomes. It's still baffling when I give a project manager the options:
1. Rewrite and have a working prototype in 2 weeks and solid product in two months. We will be able to use better tech, learn some new things, and the product will match the feature needs.
2. Refactor this month and get the feature you want in a couple months after that. We won't learn as much, but we'll have a cleaner technical product and we'll get some features.
3. Try to implement the feature now. It will be late, broken, and other features will break. We will spend all of next quarter patching it. We won't learn anything new. It will slow us down on the next feature.
It's always #3.