Difference between flags and permissions in the "create an asset" section

[pc]

I don't understand the differences between flags and permissions

Permission means permission to change flags.
Flag means the ability to do certain things.

For example, if the override_transfer flag is set, you can grab the asset from the people who are holding it. If the override_transfer permission is set, you can change the value of the override_transfer flag.

[chrisaiki]

Hello,

I would like to create a user asset.
I don't understand the differences between flags and permissions
In the permissions section, it is not clear in which position the button is on or off.

Thank you for your help !
:)