What happens if I uninstall a Steam game?

Related questions

1. Can't uninstall a game on Steam?
2. Does uninstalling Steam games free up space?
3. Does uninstalling free up space?
4. Does steam take up a lot of memory?
5. Do you lose progress if you uninstall a game Steam?
6. How can I play Steam games without Internet?
7. How much are games on Steam?
8. How do I find where my Steam games are installed?
9. Why does steam say my game is uninstalled?
10. Do you actually own steam games?

Tags

1. #savefiles
2. #deleted
3. #delete
4. #whenever
5. #enable
6. #library
7. #games
8. #redownload
9. #available
10. #steam
11. #cloud
12. #steamapps
13. #outside
14. #folder
15. #files
16. #installed