Donald J. Trump offered a New York appeals court on Wednesday a bond of only $100 million to pause the more than $450 million penalty he faces in his civil fraud case, a clear sign that the former president lacks the money to cover the full amount. ...

In seeking relief, Mr. Trump’s lawyers disclosed that they would be unable to secure a bond for the full amount, raising the prospect that he might soon default on the judgment if the appeals court denies his request.

“The exorbitant and punitive amount of the judgment coupled with an unlawful and unconstitutional blanket prohibition on lending transactions would make it impossible to secure and post a complete bond,” the lawyers wrote.