Explain the difference between predefaults and post defaults?

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The Pre Default Value property of a field (Predefautls Value in the Object List Editor) automatically assigns a value to that field for a new record. The user can modify the field if it is displayed and not set to Read Only.

The Post Default Value property of a field assigns a value to a field before the record is written to the database, if one has not been entered by the user.
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