[M. Thatcher]

It goes to her, her lawyers (costs- see NRS 18.005 for example, fees)and lien holders.

Nope.

Appeal bond is paid to the court or a third party…In addition to an appeal bond premium, applicants must put up collateral worth 100% of the bond amount to qualify for an appeal bond. This collateral is put up with a surety company…

In this case, Trump's bond is guaranteed by the insurance giant Chubb.

[thegagline]

I thought you rquestion pertained to the judgement. If however the appellate process plays out against the appellant then the bond can be released to the prevailing party- in this case, Carroll.

The bond acts as security to satisfy, at least in part, the original judgment.