Networking - What is 'Gateway Of Last Resort'?

What is 'Gateway Of Last Resort'?

A Gateway of Last Resort or Default gateway is a route used by the router when no other known route exists to transmit the IP packet. Known routes are present in the routing table. Hence, any route not known by the routing table is forwarded to the default route. Each router which receives this packet will treat the packet the same way, if the route is known, packet will be forwarded to the known route.
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