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.
You can cancel a bank check if you act quickly, before the payment has cleared the depositorâs account. Canceling a check is usually called a stop payment order, for which banks charge a fee.