9. What does it mean to collateralize a bond and what is collateral? Collateral on a bond is simply what is accepted by a Bail Agent to guarantee that the Bail Agent is held harmless or in other words does not suffer a financial loss as a result of the Defendantâs bond(s) being forfeited. Collateral is obtained or received by the Bail Agent in several forms.
However, to be appointed to the Senate, one must be at least 30 years of age, must possess land worth at least $4,000 in the province for which he or she is appointed, and must own real and personal property worth at least $4,000, above his or her debts and liabilities.
Minimum age for the Senator is 30. As of 2015, Malaysia is not considering lowering the age of candidacy to 18. However, since 2015, any citizen not less than 18 years of age and not older than 30 years of age can become a candidate and be elected to the Youth Parliament of Malaysia.