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Update cancel-savings-plan.md
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articles/cost-management-billing/savings-plan/cancel-savings-plan.md

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# Azure saving plan cancellation policies
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All savings plan purchases are final. Before you buy a saving plan, review the following policies.
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## Savings plans can't be canceled
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After you buy a savings plan, you can't cancel it.
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## Saving plans can't be refunded
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After you buy a savings plan, you can't refund it.
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All savings plan purchases are final. After you buy a savings plan, you can't cancel or exchange it.
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## Saving plans can't be exchanged for a reservation
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After you buy a savings plan, you can't exchange it for an Azure reservation. However, you can trade in an Azure reservation for a new savings plan. For more information about reservation trade ins, see [Self-service trade-in for Azure savings plans](reservation-trade-in.md).
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While you cannot cancel or exchange a savings plan, you can trade in select Azure reservations for a new savings plan. For more information about reservation trade ins, see [Self-service trade-in for Azure savings plans](reservation-trade-in.md).
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## Next steps
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