Assign a default description to new terms under a custom taxonomy

There are many options to go solve your concern, one could be:

First: you need a custom field to store your placeholder. For that you should use the add_term_meta function.

Second: Use get_term_meta to retrieve the custom field value.

That’s all. If you want customizations you will need to specify a little bit more in order to help. If you’re not comfortable coding I recommend you using ACF.