EM USA Terms and Definitions - FEMA
Annualized Rate of Occurrence: “The probability that a risk will occur in a particular year. For example, if insurance data suggests that a serious fire is likely to occur once in 25 years, then the annualized rate of occurrence is 1/25 = 0.04.” (Risky Thinking (Risk Management, Disaster Recovery, and Business), A Glossary of Risk Related ... ................
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