From The Collaborative International Dictionary of English v.0.48:
orc \orc\ ([^o]rk), n. [L. orca, a kind of whale: cf. F. orque.] 1. (Zool.) Any of several cetaceans, especialy the grampus (Grampus griseus) of the dolphin family. [Written also ork and orch.] --Milton. [1913 Webster]
An island salt and bare, The haunt of seals, and orcs, and sea-mews' clang. --Milton (Par. Lost xi. 835).
2. (Mythology) A mythical monster of varying descriptions; an ogre. [PJC]
Goblins, hobgoblins, and orcs of the worst description. --J. J. Tolkien (The Hobbit)
3. The orca. [PJC]