IPA: /ˌæskəˈmaɪsiːt/
KK: /æskəˌmaɪsiːt/
A type of fungus that produces spores in a special structure called an ascus. This group includes many yeasts, molds, and some well-known fungi like morels and truffles.
Ascomycetes are important in both food production and medicine.
Ascomycete is formed from "asco-" (from Greek "askos", meaning bag or sac) and "mycete" (from Greek "mykēs", meaning fungus). The term refers to a group of fungi that produce their spores in a sac-like structure called an ascus.
Think of a 'sac' ('asco-') that holds 'fungus' ('mycete') — that's why ascomycete refers to fungi that produce spores in a sac.