A bone spur (osteophyte) is a bony growth formed on normal bone. Most people think of something sharp when they think of a spur, but a bone spur is just extra bone. It's usually smooth, but it can cause wear and tear or pain if it presses or rubs on other bones or soft tissues such as ligaments, tendons, or nerves in the body.
An immediate or cancel order (IOC) is an order to buy or sell a security that must be executed immediately, and any portion of the order that cannot be immediately filled is cancelled.
A standing order is an instruction you give to your bank to pay a fixed amount to someone else on a regular basis. You can set up, amend and cancel standing orders through Intelligent Finance. A direct debit gives someone else, usually a company, permission to take funds from your account in agreed amounts and at agreed intervals. The mandate itself may not specify the amounts nor the agreed intervals.