Trump never paid the lower court’s hefty fine, so there won’t be any half-billion dollar checks exchanging hands. Instead, the president is now eligible to get back the $175 million bond he posted to hold off collection while he pursued his appeal. Such bonds are common in the appellate process, acting as placeholder to guarantee payment.

The fraud lawsuit against President Donald Trump and others, which led to the penalty, was filed by New York State Attorney General Letitia James.