Yes, that's basically right. An annotated bibliography is a list of sources such as articles and books cited according to a designated format such as APA or MLA, accompanied by a summary and evaluation of the source.
You can learn more from some key websites on the Annotated Bibliography page of our Writing for College guide (Link below) or if you need help finding peer reviewed articles, Tips for Finding Scholarly & Peer Reviewed Articles (link below) might help.
Here is an example of an annotated bibliography:
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