The Collaborative International Dictionary of English v.0.48:

litterbin \lit"ter*bin`\ (l[i^]t"t[~e]r*b[i^]n`), n.
   a bin (usually in or outside a public building) into which
   the public can put rubbish.

   Syn: litterbasket.
        [WordNet 1.5]

WordNet (r) 3.0 (2006):

litterbin
    n 1: bin (usually in or outside a public building) into which
         the public can put rubbish [syn: litterbin, litter
         basket, litter-basket]