Asteroid:
i) The small rocky objects which are orbiting the sun between orbits of Mars and Jupiter are known as asteroids.
ii) Its origin is concentrated to the remains of planets that fell apart.
iii) Asteroid means star like but these are known as minor planets.
Meteorite:
i) Tiny chunk of material floating in space, which can also enter the earth’s atmosphere and become meteor are known as meteorites.
ii) It may originate by the disintegration of comet.
iii) A falling star (Meteor) is seen as a streak of light in sky.