Out—Traffic that has already been through the router and leaves the interface. The source is where it has been, on the other side of the router, and the destination is where it goes.
In—Traffic that arrives on the interface and then goes through the router. The source is where it has been and the destination is where it goes, on the other side of the router.
Inbound —If the access list is inbound, when the router receives a packet, the Cisco IOS software checks the criteria statements of the access list for a match. If the packet is permitted, the software continues to process the packet. If the packet is denied, the software discards the packet.
Outbound—If the access list is outbound, after the software receives and routes a packet to the outbound interface, the software checks the criteria statements of the access list for a match. If the packet is permitted, the software transmits the packet. If the packet is denied, the software discards the packet.