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。
2
"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。
3
When exercising his rights with regard to an instrument, the bearer shall endorse the instrument and present it according to statutory procedures.