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.
Definition. An order to execute a specified transaction at a specific time. If the order is not executed at that time, it is either cancelled or becomes a market order or a limited price order (depending on the specifications of that particular order). As he sat there in the waiting room of the large conglomerate, he realized that the time order they had issued to liquidate the assets in his part of the company would soon come to pass.