In my document I use the glossariespackage.
When referencing terms, that do not exist in the glossary (yet) the term is simply not displayed. Which IMHO forces a quite complex workflow.
Is there any possibility of displaying non-defined terms, but in a different color?
for example:
\gls{DefinedTerm} would be displayed in my default link-color and
\gls{UndedinfedTerm} would be displayed in another style, like red, underlined.
----UPDATE-----
The following does exactly what i was looking for:
\newcommand{\mygls}[1]{\ifglsentryexists{#1}{\gls{#1}}{\textcolor{red}{\underline{#1}}}}
put this in your preamble and simply use \mygls{Term}. Undefined terms will then be highlighted, while defined terms will be displayed using \gls{}
(see JMs answer)

\letcommand, you can use only\glsand not worry about switching between your own command and using it. As you update your glossary, the entries will naturally switch from being red/underlined to being used as a normal\glsentry. – J M Jul 21 '12 at 16:55