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Question: What is Code Access Security (CAS)?

Answer: Identity permissions control code access from one assembly to another. You can use identity permissions, which are a subset of code access permissions, either declaratively or imperatively

Identity permissions control code access from one assembly to another. You can use identity permissions, which are a subset of code access permissions, either declaratively or imperatively Source: CoolInterview.com

CAS is a part of .NET security model that determines whether a piece of code is allowed to run and what resources it can use while running,eg:CAS will allow a application to be read but cannot delete it. Source: CoolInterview.com

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