The term 'Bloodhound Asset' refers to a type of asset that is used to track down criminals. The asset in question is a bloodhound, which is a breed of dog known for its keen sense of smell. The crossword solution for this term is 'NOSE, ' which is an apt description of the bloodhound's most important feature. Bloodhounds are often used by law enforcement to help locate suspects or missing persons due to their powerful sense of smell.