A bill is payable to bearer which is expressed to be so payable, or on which the only or last indorsement is an indorsement in blank. 凡汇票载明付款予持票人者,或票上唯一或最后之背书为无记名背书者,均属以持票人为收款人之汇票。
The act of presenting a bill or note for payment. The cheque is payable to bearer 支票或汇票兑付的行为向持票人付款的支票
"Where the payee is a fictitious or non-existing person, the bill may be treated as payable to bearer." Write out the name of the recipient here and the name of the sender there, please. 若收款人为虚构或不存在之人,则该汇票得视为以持票人为收款人。收款人的名字写在这儿,寄款人的名字写在那儿。
A bill payable to bearer is negotiated by delivery. 以持票人为收款人之汇票,凭交付而构成流通转让。