What does annualized rate mean?

annualized rate meaning in Law Dictionary

n yearly price of revenue the time significantly less than per year.

annualized rate meaning in Business Dictionary

A computed yearly rate of return on the basis of the return for a time period of less than a-year. For example, if the rate of return on an investment is 2percent every month, the annualized rate would be 12 times 2percent or 24percent.