jubilee n

Fr. jubilé, to shout for joy < L. < Gk. < Heb.

  1. Exultation; complete bliss.
  2. Joy; celebration; time of rejoicing; [allusion] liberation; emancipation; ceremony in which complete forgiveness and freedom are granted; fiftieth year in the Old Testament calendar, when slaves are granted liberty and debts forgiven (see Leviticus 25).