Accounting term used to describe the excess of current assets over current liabilities is

The accounting term used to describe the excess of current assets over current liabilities is "working capital." Working capital is a measure of a company's ability to meet its short-term obligations. It represents the amount of money available to fund the day-to-day operations of a business. When a company has more current assets than current liabilities, it has a positive working capital. This means that the company has enough resources to cover its short-term debts and finance its operations. On the other hand, if a company has more current liabilities than current assets, it has a negative working capital, which is generally not a good sign for the financial health of the business. In summary, working capital is an important financial metric that measures a company's ability to meet its short-term obligations and sustain its operations.