/etc/xdg/lubuntu/lxterminal/lxterminal.conf is in lubuntu-default-settings 0.54.
This file is owned by root:root, with mode 0o644.
The actual contents of the file can be viewed below.
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fontname=Ubuntu Mono 12
selchars=-A-Za-z0-9,./?%&#:_
scrollback=1000
bgcolor=#000000000000
fgcolor=#ffffffffffff
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