NEW YORK (NEWSnet/AP) — Donald Trump on Monday posted a $175 million bond on Monday in his New York civil fraud case.

It halts collection of the more than $454 million he owes and prevents the state from seizing assets to satisfy the debt during his appeal process.

A New York appellate court had given Trump 10 days to post bond after a panel of judges agreed to slash the amount needed to postpone enforcement.

The bond Trump is posting with the court now essentially is a placeholder, intended to guarantee payment if the judgment is upheld. If that occurs, he will have to pay the state the entire sum, which grows with daily interest.

If Trump wins the appeal, he will not have to pay the state anything and will be reimbursed.

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