A short code made from a message and a secret key, used to prove the message came from someone with the key and was not changed.
Like a wax seal pressed with a private signet ring: anyone can see it is intact, and only the ring owner can make a valid one.
Do I need to know this?
No. It is part of how authenticator apps and web services check each other, and it works without any action from you.
Every WILDCARD card exists to solve one named problem. Find yours.