Former President Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes.
The posted bond also prevents the state from seizing his assets to satisfy the debt while he appeals his case over inflating the value of businesses, according to a court filing.
A New York appellate court had given the former president ten days to put up the money after a panel of judges agreed last month to slash the amount needed to stop the clock on enforcement.
The bond Trump is posting with the court now is essentially a placeholder, meant to guarantee payment if the judgment is upheld. If that happens, the presumptive Republican 2024 presidential nominee will have to pay the state the whole sum, which grows with daily interest.
Should Trump win, he won't have to pay the state anything and will get back the money he has put up now.
