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jubilee

ju·bi·lee [ jbə l, jbə l ] (plural ju·bi·lees)


noun 
Definition:
 
1. special anniversary: a significant anniversary of an important event such as a wedding

2. joyful time: a time or season of celebration

3. year of indulgence set by Pope: in the Roman Catholic Church, a period set by the pope, traditionally every 25 years, in which forgiveness of sins is granted in return for acts of piety or repentance

4. Jewish year of restitution: in Jewish history, a year of restoration or restitution that was proclaimed every 50 years by a countrywide blast of trumpets. During the period, land was left uncultivated, slaves were emancipated, and land that had been sold reverted to its former owner.

[14th century. Via French jubilé< Latin jubilaeus (annus) "(year) of jubilee" < ecclesiastical Greek iōbēlos< Hebrew yōbēl "ram"; from the ram's horn with which the year of jubilee was proclaimed]
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