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A New York appeals court has granted Donald Trump a 10-day extension to secure a portion of the $464 million bond after the former president signaled he was struggling to come up with the money.

On Monday, the five-panel court said that the former president could have more than a week to secure just $175m while he awaits a ruling in his appeal of the judgement made by Justice Arthur Engoron in the civil fraud case.

The ruling is a win for Mr Trump who initially had until Monday to come up with the means to post the $464m bond to prevent New York Attorney General Letitia James from seizing his properties. Though the former president often boats about his net worth, he was scrambling to find a way to post the bond.

Justice Engoron imposed a $454m penalty on Mr Trump, his adult sons and former executives of the Trump Organization after finding them liable for conspiring to inflate his net worth in order to obtain favorable terms from insurers and banks on his properties.

But Justice Engoron also implemented several restrictions on the former president and his co-defendants including barring him from running a New York company and obtaining loans from New York banks among other penalties.