Trump and his company need to post a bond for the full amount by next week in order to stop New York Attorney General Letitia James from being able to collect while he appeals.
He doesn't have the cash to pay, so when NY collects, they can start forcing sales on his property.
If he gets the bond, then it just sits there till after appeals. Which would prevent him from selling property he put up for bond, but he'd still own them.
If he misses that bond, the rest of the dominoes will fall like a house of cards. Checkmate
The fact that no bond companies would accept real property as a collateral for the bond and only liquid or easily liquified assets points to the properties being leveraged to the hilt. If he ends up having to pay even a portion of this and has to start selling properties we should see a true picture of his financial status.
The other bond companies will not “accept hard assets such as real estate as collateral,” but “will only accept cash or cash equivalents (such as marketable securities),” the filing said.
Nothing is ever black and white. This is just a stalling tactic or another attempt to reduce the penalty or mitigate the situation until he's past voting time.
If he wins he'll just wheel and deal to get others to pay for favors. He's not banking on losing.