Donald Trump's bond reduced, deadline extended as court delays possible seizure of assets

"A New York court has significantly reduced the amount of money Donald Trump must pay as bond to avoid having his assets seized, and extended the deadline for payment.

"The appeals court has agreed to hold off collection of the former president's $US454 million ($694 million) civil fraud judgment — if he puts up $US175 million ($268 million) within 10 days.

"If he does, it will stop the clock on collection and prevent the state from seizing the presumptive Republican presidential nominee's assets while he appeals.

"The development came just before New York Attorney-General Letitia James was expected to initiate efforts to collect the judgment."