JUST IN: NYC Bond has been slashed to $175MILLION, from $464Million.

An appellate court ruled that President Trump can post a $175 million bond to cover Letitia James’ $464 million judgment.

Trump has 10 days to post the bond.

Marxist New York Attorney General Letitia James last Thursday took the initial step to seize Trump’s assets. She filed judgments in Westchester County where Trump’s private estate and golf course named Seven Springs is located.

President Trump had until Monday to either pay the judgment or convince the appellate court to allow him to defer the payment pending appeal.

Trump’s legal team filed an appeal and requested a stay on the massive $464 million judgment.

On Thursday Trump’s attorneys sent a letter to the Appellate Division of New York’s Supreme Court and asserted Letitia James’ actions are “unconstitutional.”

The appellate court intervened on Monday and ruled Trump can post $175 million bond.

“It is ordered that the motion is granted to the extent of staying enforcement of those portions of the Judgment (1) ordering disgorgement to the Attorney General of $464,576,230.62, conditioned on defendants-appellants posting, within ten (10) days of the date of this order, an undertaking in the amount of $175 million dollars,” the two-page order from the appellate said, according to ABC News.