Lev 25:9 Then shalt thou cause the trumpet of the jubilee 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. 10 And ye shall hallow the fiftieth year, and proclaim liberty throughout all the land unto all the inhabitants thereof: it shall be a jubilee unto you; and ye shall return every man unto his possession, and ye shall return every man unto his family. 11 A jubilee 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. 12 For it is the jubilee; it shall be holy unto you: ye shall eat the increase thereof out of the field. 13 In the year of this jubilee ye shall return every man unto his possession.
The Jubilee brought freedom and restoration. Debts were canceled, property which had been sold reverted to its original family, Hebrew slaves were released. This freedom and restoration began each fiftieth year on the day of atonement. It is a type of Jesus, who came to free us from bondage to sin and restore our former relationship to God at His first coming. It also looks to His second coming, when He will return to earth to claim it as His possession.