Trump must stow $500M cash in a bank to cover the appeal bond for his NY fraud case, experts say.
His next appeal bond will cost him far more.
By posting another appeal bond.
Similar to the more familiar jail bond, an appeal bond is a promise of payment that's backed by collateral, meaning cash or property.
The premium on a half-billion-dollar appeal bond could run anywhere from $250,000 to north of one million dollars, just to purchase the bond, experts guestimated.
Persons:
Trump, —, Donald Trump, Jean Carroll, Letitia James —, Sheriff, Eric Snyder, Snyder, Arthur Engoron, Wilk Auslander, He's, Julie Alleyne, Carroll, Chubb, Evan G, Greenberg, Neil Pedersen, Pedersen, Alleyne, Cash, Jeff Bezos, Elon Musk, Christopher Kise, — Chubb, Letitia James, James, Roy Rochlin, Justin Sullivan
Organizations:
stow, Service, Trump, New York, New, NRA, Fox, Wilk, Fidelity Association of America, Federal Insurance Company, Chubb Group, Sons, Forbes, Bloomberg, ABC, Midtown, Financial, Getty
Locations:
NY, Manhattan, New York, New York City, Americas, Midtown Manhattan, New Yorkers