Shit code is the third option: Code which was late, over budget and completely unfit for purpose, requiring an army of temp workers to process everything manual

Shit code is the third option: Code which was late, over budget and completely unfit for purpose, requiring an army of temp workers to process everything manually while another team come in and spend months on a death march trying to fix it, while the business is hemorrhaging money via lawsuits from pissed off clients with violated contracts.