This is a very clear explanation for me:
http://f1-dictionary.110mb.com/shock_absorbers.html
Bound is the rate at which the shock compresses.
Rebound is the rate at which the shocks decompress.
Bound damping affects how far and fast the suspension travels up. When the suspension is on its way back down, rebound damping affects how far and fast it goes the other way. More precisely, bound damping affects the compression rate, while rebound damping affects the expansion rate.
If you make your bound damping too stiff, your car will be skittish over rough surfaces. Rebound damping also affects your steering as you transition into and out of corners.
In general, stiffer absorbers are better suited for flat tracks with sharp turns. They prevent your springs from coiling too quickly, which decreases the dip you have when cornering and braking. Softer adjusted absorbers are better suited for winding, coiling tracks, but they'll also lengthen your braking distance.
So having bound at (for example) value of 9 and rebound at value of 2, make the car stiffer when absorbing a bump, compression is harder. The suspension on rebound will not return as fast. This suppresses weight transfer. Not very good because the tire won't make contact with the ground fast enough causing slip, that induce oversteer.
On the other hand, bound at 2 and rebound at 9, absorbs more bumps, but returns the shocks the opposite way to fast. You'll find the car literally jump over small bumps. This is also undesirable, as the tire is not in contact with the road. Bound at 7 and rebound at 6, keeps the tires stiff and return to the ground slower. Having bound at 6 and rebound at 7, will result in a good stiff compression of shocks and a higher bound means the tires return a bit faster to the ground but not too fast. This is the ideal configuration, a slightly higher rebound.