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To '''annualize''' is to calculate the impact of a new appropriation or reduction on the basis of a full year. For instance, if an [[employee]] is terminated halfway through the fiscal year, the [[budget]] reduction in that year will equal half the employee's annual salary. The "annualized" reduction is the full amount of the employee's salary.
To '''annualize''' is to calculate the impact of a new appropriation or reduction on the basis of a full year. For instance, if an [[employee]] is terminated halfway through the fiscal year, the [[budget]] reduction in that year will equal half the employee's annual salary. The "annualized" reduction is the full amount of the employee's salary.
[[Category:Budget terms]]
[[Category:Budget terms]]
[[category:finance]]
[[Category:Finance]]