The act of taking money or asset in the form of cash or kind by the family of the groom or groom himself is calledOptionsdowryassetsbride pricemoney laundering

The act of taking money or asset in the form of cash or kind by the family of the groom or the groom himself is commonly referred to as dowry.

Dowry is a cultural practice in various societies where the bride's family provides valuable goods, money, or property to the groom and his family as part of the marriage arrangement. This practice can serve various roles, including helping to establish the couple’s new household, compensating the groom’s family for their support in raising the bride, or perpetuating family status.

The other options provided do not accurately represent this practice:

• Assets refers generically to valuable items owned by individuals.
• Bride price refers to a payment made by the groom to the bride's family and is distinct from dowry.
• Money laundering is a criminal activity involving making illegally obtained money appear legitimate.

In summary, the correct answer is dowry.