I am confused with the following -
Do unit vectors and normalized vectors indicate the same thing?
If I have a vector, and if I divide it by the length of the vector, then what will we get?
You will get a unit vector in the direction of the original vector, meaning the vector has a magnitude of exactly one. That vector is said to have been normalized, and so sometimes it is referred to as a normalized vector.
So yes, unit vectors and normalized vectors are referring to the same concept.