User talk:Btm1

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I added an external link to a definition in place of an incorrect link to a Wikipedia page. That is, the definition did not exist in Wikopedia so the author had linked to instead a definition of a related term, but which was not correct for the term in question.

Is this permissable? Is there a Wikipedia policy on using external links where a Wikipedia article is not yet written? Because the linked page is not controlled by Wikipedia, it could become a dead link. It could have been better to copy the information from the link into a Wikipedia page, but then that could raise the issues of plagiarism and of intellectual property rights.