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The Lexham Bible Dictionary
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Year of Jubilee (יוֹבֵל‎, ywvel). Of uncertain etymology, but likely derived from the Phoenician ybl, meaning ram, as the year was announced with the blowing of a ram’s horn trumpet. It is probably not related to the Latin jubilare. The Year of Jubilee is the Sabbath rest at the end of seven sabbatical annual cycles—every 49 or 50 years (Lev 25:8). During this year, economic debts were to be forgiven, land restored to families who sold in order to repay debt, and slaves sold to repay debt were to be liberated. While clearly specified in the biblical text, there is no biblical or extrabiblical evidence that the practice of a Year of Jubilee was ever celebrated. The term is only found in the Pentateuch with most references in Lev 25–27.

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