What is an assembly?

Assemblies are the basic building blocks required for any application to function in the .NET realm. They are partially compiled code libraries that form the fundamental unit of deployment, versioning, activation scoping, reuse, and security. Typically, assemblies provide a collection of types and resources that work together to form
a logical unit of functionality. They are the smallest deployable units of code in .NET. Compared to the executable files assemblies are far more reliable, more secure, and easy to manage.
An assembly contains a lot more than the Microsoft Intermediate Language (MSIL) code that is compiled and run by the Common Language Runtime (CLR). In other words, you can say that an assembly is a set of one or more modules and classes compiled in MSIL, and metadata that describes the assembly itself, as well as the functionalists of the assembly classes.