Prior parties refers to other debtors of an instrument who endorsed it prior to its endorsement by a specific signatory or bearer.
前手是指在票据签章人或者持票人之前签章的其他票据债务人。
"Bearer" means a person in possession of a negotiable instrument, document of title, or certificated security that is payable to bearer or indorsed in blank.
“持票人”指占有凭票付款或空白背书的流通票据、所有权凭证或实物证券的人。
When exercising his rights with regard to an instrument, the bearer shall endorse the instrument and present it according to statutory procedures.
持票人行使票据权利，应当按照法定程序在票据上签章，并出示票据。
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