/**
  *  
  *  Verifies the Grid URL slug is not a WP reserved term
  *  
  *  
  *  @since 3.0
  *  @param [string] $meta_value value the user entered
  *  @param [array] $args       	unused
  *  @param [obj] $object     	contains original value before user input
  *  
  *  @return sanitized value. Either the inputted value if it checks out
  *  							or the original value if not
  *  
  *  @access public
  */
 function sanitize_slug($meta_value, $args, $object)
 {
     $reserved_terms = mbdb_wp_reserved_terms();
     if (in_array($meta_value, $reserved_terms)) {
         //show a message
         $msg = '"' . $meta_value . '" ' . __('is a reserved term and not allowed. This field was not saved.', 'mooberry-book-manager');
         add_settings_error($this->key . '-error', '', $msg, 'error');
         settings_errors($this->key . '-error');
         // return the original value
         return sanitize_title($object->value);
     }
     // entered value is OK. Sanitize it and return it
     return sanitize_title($meta_value);
 }
<?php

require_once './helper-functions.php';
$reserved_terms = mbdb_wp_reserved_terms();
?>
<html>
<head>
<title><?php 
_e('Wordpress Reserved Terms', 'mooberry-book-manager');
?>
</title>
<style>
ul{
    width:400px;
}
li{
    float:left;
    margin:0 10px 10px 0;
    width:175px;
}
li:nth-child(even){
    margin-right:0;
}
</style>
</head>
<body>
<h2><?php 
_e('Wordpress Reserved Terms', 'mooberry-book-manager');
?>
</h2>
<ul id="reserved_terms" >
function mbdb_set_default_tax_grid_slugs()
{
    $taxonomies = mbdb_tax_grid_objects();
    //get_object_taxonomies( 'mbdb_book', 'objects' );
    $mbdb_options = get_option('mbdb_options');
    foreach ($taxonomies as $name => $taxonomy) {
        if ($mbdb_options['mbdb_book_grid_' . $name . '_slug'] == '') {
            $reserved_terms = mbdb_wp_reserved_terms();
            $slug = sanitize_title($taxonomy->labels->singular_name);
            if (in_array($slug, $reserved_terms)) {
                $slug = sanitize_title('book-' . $slug);
            }
            $mbdb_options['mbdb_book_grid_' . $name . '_slug'] = $slug;
        }
    }
    update_option('mbdb_options', $mbdb_options);
}