[eg-zuhl-tey-shuhn, ek-suhl-]
the act of exulting; lively or triumphant joy, as over success or victory.
Also, exultancy [ig-zuhl-tn-see] , exultance.

1375–1425; late Middle English < Latin ex(s)ultātiōn- (stem of ex(s)ultātiō), equivalent to ex(s)ultāt(us) (past participle of ex(s)ultāre to exult) + -iōn- -ion

nonexultation, noun
self-exultation, noun
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
exult (ɪɡˈzʌlt)
1.  to be joyful or jubilant, esp because of triumph or success; rejoice
2.  (often foll by over) to triumph (over); show or take delight in the defeat or discomfiture (of)
[C16: from Latin exsultāre to jump or leap for joy, from saltāre to leap]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin & History

early 15c., from M.Fr. exulter, from L. exultare, frequentative of exsilire "leap out or up," from ex- "forth" + salire "to leap" (see salient). Notion is of leaping or dancing for joy.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
Be happy, dear hearts, and allow yourselves a few more weeks of quiet
But some technologists insist that the site's ascent is a cause for concern,
  not exultation.
It is, in the best of years, a night of exultation and exclamation marks.
Politics in the past few months have generated feelings of exultation and
  horror but not much comedy.
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