Total asset is a common financial term used to represent the sum of all assets owned by an individual, organization or company. However, there are several synonyms for the word total asset that can be used interchangeably depending on the context of the situation. For example, a few synonyms for total asset include net worth, balance sheet, property, and equity. Net worth refers to the difference between the total value of an entity's assets and liabilities. On the other hand, balance sheet is an accounting statement that lists a company's assets, liabilities, and equity. Property refers to a specific asset that is owned by an individual or organization, while equity denotes the residual interest in the assets of an entity after deducting all liabilities.