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Reply #54


Response to tclambert (Reply #50)

Wed May 9, 2012, 11:07 PM

54. In Colonial Days, it meant all debts had to be paid in 7 years, or be discharged

NOT all debts every seven years, but any one debt, once it was seven years old had to be discharged. Jubilee was a once every 50 (Some say 49) year abolishment of debts .

More on Jubilee:
http://en.wikipedia.org/wiki/Jubilee_%28biblical%29

In ancient Israel, it appears to be a FIXED SEVEN YEAR PERIOD, for every seventh year was viewed as a "Sabbatical Year" where field were left fallow and debts discharged:
http://en.wikipedia.org/wiki/Sabbatical_year_%28Bible%29

Thus the correct answer to your question is BOTH, but at different time periods.

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