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Default Data Validation - combination of values

Greetings. I would like to validate the data entered into a group of cells.
I would like the input limited to the following values and/or combination
thereof:
Cvg, Liab, Dmgs, Dispo
(I am looking to avoid creating a list or range containing each possible
combination: Cvg, Liab / Cvg, Liab, Dmgs / etc).
Is this possible? Any suggestions? Many thanks!

 
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