A bin that holds rubbish until it is collected(noun)
WordNet. Princeton University. 2010.
Use "ashbin" in a sentence
"Time to begin that long slide into the ashbin of history, Dick."
"I argue that mystery is what set them apart and the lack of mystery desired by today's stars and bare-all bloggerettes may just doom female glamour to the ashbin of history."
"Since I also greatly desire to send the GOP into the ashbin of history, I do recommend that the Congressional Democrats rename the surge funding as "Iraq Peacekeeping" and change the wording to indicate that "less than combat ready" units are being deployed for peacekeeping missions in Baghdad."