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2.
The 'reciever' in a male homosexual encounter. As opposed to the 'giver' or asspounder
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.
Druv: "Hey everybody! Look at my new Abercrombie and Fitch shiny blue pants!"
Hans: "Wooo... how gay ist dat?! "
Herr Kaufmann: "Come here droov!! "
Claus: "Yea droov.... fukin asspoundee!"
by sid "pwned!!" jogu December 10, 2006
 
1.

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!
by DP Ludwig February 27, 2007