the release: Deuteronomy's technical term for the seventh-year cancellation of debts, and for the year that release falls in
This word is a noun built directly from a verb meaning "to let drop" (שָׁמַט), and it is coined nowhere else in the Bible but Deuteronomy. All four of its occurrences sit in Deuteronomy 15 and 31, and every one of them names the same fixed, dated event: once every seven years, a lender lets go of what a fellow Israelite still owes him, so that the debt disappears for good.
Deuteronomy 15 opens by commanding Israel to "carry out a release" at the end of every seven years, then spells out exactly what that means: every creditor is to let his claim on a neighbor's debt drop, because "a release has been proclaimed for the LORD." Deuteronomy 31:10 uses the same word simply to date a different event, the public reading of the law at the Festival of Booths, "at the appointed time of the year of release," which shows that by the time that law was given, the release was already a fixed point on Israel's calendar, as familiar as a festival date.
This word names only that one institution. It is not the same as the fiftieth-year Jubilee of Leviticus 25, which mainly returns land to its original family and is described with entirely different words (יוֹבֵל, דְּרוֹר); Leviticus never uses this noun at all. It is also narrower than the fallow-year law of Exodus 23:11, which lets the land itself rest but likewise never uses this noun, only the verb it is built on. Whatever debate exists about this word concerns the history of the institution it names (whether Deuteronomy invented the debt release or inherited it, and whether it was ever actually kept), not what the word itself refers to.
Disputed
Whether Deuteronomy's seventh-year debt release was a new legal institution its authors created by reusing older language about letting the land rest, or a codification of an already-existing practice with parallels in older Near Eastern royal decrees canceling debts.
- majorityDeuteronomy deliberately took the older verb for releasing the land and repurposed it for canceling debts, coining this noun in the process; a case of reusing older legal language to authorize something genuinely new.; Bernard M. Levinson, Deuteronomy and the Hermeneutics of Legal Innovation (Oxford University Press, 1997); Jeffrey H. Tigay, Deuteronomy (JPS Torah Commentary, 1996)
- minorityThe debt release codifies a longstanding institution comparable to the Old Babylonian royal decrees that periodically canceled debts and freed debt-slaves, now made a fixed, divinely mandated cycle rather than an occasional royal act.; Moshe Weinfeld, Social Justice in Ancient Israel and in the Ancient Near East (Magnes/Fortress, 1995); Raymond Westbrook, Property and the Family in Biblical Law (JSOTSup 113, 1991)
- minorityThe institution is a late literary construction rather than an inherited practice, since the closest Mesopotamian parallel had gone out of use long before it could have been borrowed into Hebrew.; N. P. Lemche, "The Manumission of Slaves, the Fallow Year, the Sabbatical Year, the Jobel Year", Vetus Testamentum 26 (1976), pp. 38-59