Bank draft and Letter of credit

Bank draft noun - A draft drawn by a bank against funds deposited in another bank.

Letter of credit and bank draft are semantically related in promissory note topic. In some cases you can use "Letter of credit" instead a noun phrase "Bank draft", when it comes to topics like banking, check for paying money.

Letter of credit noun - A document issued by a bank that guarantees the payment of a customer's draft; substitutes the bank's credit for the customer's credit.

Bank draft and letter of credit are semantically related in promissory note topic. You can use "Bank draft" instead a noun phrase "Letter of credit", if it concerns topics such as banking.