Are SQL Server Views processed "before" enclosing query logic

Question

If I have a view, and embed the view in a query, will the view have to be processed fully before the rest of the query?

Example:

CREATE VIEW dbo.ExpensiveView AS
    SELECT IndexedColumn, NonIndexedColumn 
    FROM dbo.BigHairyTable 
    WHERE NonIndexedColumn BETWEEN 500000000 AND 500050000
GO

SELECT * FROM dbo.ExpensiveView
WHERE IndexedColumn BETWEEN 1000 AND 1099
GO

Answer 1

No. SQL Server will "expand" the view definition and optimize it in the context of the enclosing query.