The CLDR project labels this character “overline” for use in screen reading software. It assigns additional tags, e.g. for search in emoji pickers: overline, overstrike, vinculum.
The Wikipedia has the following information about this codepoint:
An overline, overscore, or overbar, is a typographical feature of a horizontal line drawn immediately above the text. In old mathematical notation, an overline was called a vinculum, a notation for grouping symbols which is expressed in modern notation by parentheses, though it persists for symbols under a radical sign. The original use in Ancient Greek was to indicate compositions of Greek letters as Greek numerals. In Latin, it indicates Roman numerals multiplied by a thousand and it forms medieval abbreviations (sigla). Marking one or more words with a continuous line above the characters is sometimes called overstriking, though overstriking generally refers to printing one character on top of an already-printed character.
An overline, that is, a single line above a chunk of text, should not be confused with the macron, a diacritical mark placed above (or sometimes below) individual letters. The macron is narrower than the character box.