Template defaults
The set of values automatically loaded into fields when you create a new draft from a template (not a preset). These values may be defined on the template itself or could be the first value from a set of options (eg a dropdown menu).
‘Template defaults’ is also part of an optional template setting where you can choose to display ‘Presets and template defaults’ (where the template and its presets are visible) or ‘Presets only’ (just the presets are visible).