Hi. I’m a bit of a news junkie.
From the article, he has to put up the money in order to appeal:
Though he has vowed to appeal both cases, he must immediately grapple with the enormous sums that are at stake: To keep both judgments from being enforced while he appeals, he must put up the entire amount in either cash or bonds, according to legal experts. Usually, defendants must put up such bonds within 30 days of a final judgment to keep the plaintiff from collecting, experts said.
If he doesn’t appeal and doesn’t pay his penalty, NY has already indicated they’ll seize his assets:
New York Attorney General Letitia James told ABC News on Tuesday that she will seek to seize some of the former president’s assets if he’s unable to cover the bill from Judge Arthur Engoron’s Feb. 16 ruling.
Good catch. I’ve added it to the summary. Thanks.