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
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.