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What does 'Asset Library' mean?

Asset Libraries are virtual locations where reusable assets can be created and stored. To organize information for departments, teams, or even particular products and campaigns, you can create as many of these places as you need. Your Users can produce and maintain assets in each Library rather than within specific Sites because each Library is generated at the instance level and can be connected to numerous Sites. Web Content, Documents and Media, and Collections are all supported apps. Asset Libraries use the same rights management system as other apps, allowing you to control who can create and access assets in a Library, as well as the channels via which those assets can be accessed.

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