What does Annualized mean? Read on to discover the definition & meaning of the term Annualized - to help you better understand the language used in insurance policies.
Annualized refers to a measurement made on an annual basis as opposed to a monthly or another periodic basis. In the context of insurance, premiums may be calculated on an annualized basis or as a rate per year. This would be called an annualized premium.
We hope the you have a better understanding of the meaning of Annualized.