The name 'Jubilee' is derived from the Hebrew word jobel, a joyful shout or clangor of trumpets, in which the Year of Jubilee was announced. The year of Jubile is celebrated every forty nine years commencing on the day of Atonement. The land was to be a permanent possession, so with the year of Jubile all land that had been sold was to be returned to the members of the original tribe or family's possession. This was also considered a Sabbath year (no farming) to allow the land to rest.
Leviticus 25:8-16 "And thou shalt number seven sabbaths of years unto thee, seven times seven years; and the space of the seven sabbaths of years shall be unto thee forty and nine years. Then shalt thou cause the trumpet of the jubile to sound on the tenth day of the seventh month, in the day of atonement shall ye make the trumpet sound throughout all your land. And ye shall hallow the fiftieth year, and proclaim liberty throughout all the land unto all the inhabitants thereof: it shall be a jubile unto you; and ye shall return every man unto his possession, and ye shall return every man unto his family. A jubile shall that fiftieth year be unto you: ye shall not sow, neither reap that which groweth of itself in it, nor gather the grapes in it of thy vine undressed. For it is the jubile; it shall be holy unto you: ye shall eat the increase thereof out of the field. In the year of this jubile ye shall return every man unto his possession. And if thou sell ought unto thy neighbour, or buyest ought of thy neighbour's hand, ye shall not oppress one another: According to the number of years after the jubile thou shalt buy of thy neighbour, and according unto the number of years of the fruits he shall sell unto thee: According to the multitude of years thou shalt increase the price thereof, and according to the fewness of years thou shalt diminish the price of it: for according to the number of the years of the fruits doth he sell unto thee."
Leviticus 25:28 "But if he be not able to restore it to him, then that which is sold shall remain in the hand of him that hath bought it until the year of jubile: and in the jubile it shall go out, and he shall return unto his possession."
Leviticus 25:30 -31 "And if it be not redeemed within the space of a full year, then the house that is in the walled city shall be established for ever to him that bought it throughout his generations: it shall not go out in the jubile. But the houses of the villages which have no wall round about them shall be counted as the fields of the country: they may be redeemed, and they shall go out in the jubile."
Leviticus 25:33 "And if a man purchase of the Leviticus ites, then the house that was sold, and the city of his possession, shall go out in the year of jubile: for the houses of the cities of the Leviticus ites are their possession among the children of Israel."
Leviticus 25:40 "But as an hired servant, and as a sojourner, he shall be with thee, and shall serve thee unto the year of jubile:"
Leviticus 25:50 "And he shall reckon with him that bought him from the year that he was sold to him unto the year of jubile: and the price of his sale shall be according unto the number of years, according to the time of an hired servant shall it be with him."
Leviticus 25:52 "And if there remain but few years unto the year of jubile, then he shall count with him, and according unto his years shall he give him again the price of his redemption."
Leviticus 25:54 "And if he be not redeemed in these years, then he shall go out in the year of jubile, both he, and his children with him."
Leviticus 27:17-18 "If he sanctify his field from the year of jubile, according to thy estimation it shall stand. But if he sanctify his field after the jubile, then the priest shall reckon unto him the money according to the years that remain, even unto the year of the jubile, and it shall be abated from thy estimation."
Leviticus 27:21 "But the field, when it goeth out in the jubile, shall be holy unto the LORD, as a field devoted; the possession thereof shall be the priest's."
Leviticus 27:23 -24 "Then the priest shall reckon unto him the worth of thy estimation, even unto the year of the jubile: and he shall give thine estimation in that day, as a holy thing unto the LORD. In the year of the jubile the field shall return unto him of whom it was bought, even to him to whom the possession of the land did belong"
Numbers 36:4 "And when the jubile of the children of Israel shall be, then shall their inheritance be put unto the inheritance of the tribe whereunto they are received: so shall their inheritance be taken away from the inheritance of the tribe of our fathers."
The jubilee was intended to prevent poverty.
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