Merriment is a related term of exultation.
As nouns the difference between merriment and exultation
is that merriment is a state of enjoyable exuberance while exultation is the act of exulting; lively joy at success or victory, or at any advantage gained; rapturous delight; triumph.
merriment
English
Noun
a state of enjoyable exuberance
*
playful fun
*
exultation
English
Noun
The act of exulting; lively joy at success or victory, or at any advantage gained; rapturous delight; triumph.