Google Trade in if Purchase Returned

Looked on Google’s site but could not find the answer, so…

If I purchase a phone submitting my current phone for a trade in, what happens to the trade in, if it is sent into Google and i decide to return the new phone?

Will they hold it till after the return period?

Do I hold the trade in till after the return period?

If it is sent in for the trade in, then something happens where the new phone is returned. will they just give me a credit?

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