(tr) to convert (a rate of interest) to an annual rate when it is quoted for a period of less than a year: credit card companies are obliged to quote an annualized percentage rate to borrowers.
"If we annualize the $14.2 billion of sales volume in the first half, our annualized projection will be slightly above the $27.4 billion in all of 2011," said Massey Knakal Chairman Bob Knakal.
When a company (or mutual fund) takes its total return over a number of years and annualizes it, it's telling you how much it earned, on average, per year.
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