Open the server.
Choose More › Destroy….
Type the server's label to confirm, then choose Destroy server.
What happens:
Billing stops straight away. The current hour is the last one charged.
The disk and its backups are erased and can't be recovered. Take a snapshot first if you might need it.
Its IP address is released, unless it's a reserved IP. Reserved IPs stay on your account.
It's removed from any load balancer.
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