From Wikipedia:
"The term "waveguide" is used to describe horns with low acoustic loading, such as conic, quadratic, oblate spheroidal or elliptic cylindrical horns. These are designed more to control the radiation pattern rather than to gain efficiency via improved acoustic loading. All horns have some pattern control, and all waveguides provide a degree of acoustic loading, so the difference between a waveguide and a horn is a matter of judgement. "