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He actually needs to pay it for it to have any meaning.
I imagine NY won’t screw around enforcing that judgement. If he doesn’t want to pay, he has plenty of assets that can be seized: like 721–725 Fifth Avenue
Sure, Trump’s will try every legal trick his team can think of to delay or avoid paying out – but there is ultimately recourse.
I hope so, but yeah I can see him trying to draw out payment or avoid it in any way possible.