An appeals court reduced the bond Donald Trump must pay to delay the enforcement of a New York civil fraud case during his appeal from $454 million to $175 million, which he must secure within 10 days. Under New York law, someone can delay collection during an appeal by posting a bond or otherwise guaranteeing payment if they lose the appeal. Companies offer appeal bonds for a fee, requiring collateral like cash or investments to secure the bond amount. If Trump loses the appeal, the bond or collateral would be used to pay what he owes; if he wins, it would be returned. His stock in a new social media company could net billions if gains hold, but he can't sell for 6 months due to lock-up rules.