Usually a weak little bitch of a person.
The asspoundee is easily spotted as exhibiting highly feminine characteristics, walks with a slight limp and fornicates with other men.
Hans: "Wooo... how gay ist dat?! "
Herr Kaufmann: "Come here droov!! "
Claus: "Yea droov.... fukin asspoundee!"
An asspoundee can be defined as any person who owned stocks during the February 27 2007 trading session, when the Dow Jones crashed and suffered a historic drop of over 400 points.
Goddam I felt like an asspoundee when I was margined to the hilt and lost all my money when the markets crashed on February 27 2007!