Source : Webster's Revised Unabridged Dictionary (1913)

Wastebasket \Waste"bas`ket\, n.
   A basket used in offices, libraries, etc., as a receptacle
   for waste paper.

Source : WordNet®

wastebasket
     n : a container with an open top; for discarded paper and other
         rubbish [syn: {wastepaper basket}, {waste-paper basket},
         {waste basket}, {circular file}]