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In seven year cycles, debts are released in the Old Testament. This may have something to do with our modern laws which allow for bankruptcy to happen only after sevens years have passed since the last bankruptcy.

There is much more to this. For a more complete answer see: en.wikipedia.org/wiki/Jubilee_(biblical)

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Q: How often is jubilee celebrated?
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Related questions

How often is the queens jubilee celebrated?

I think that it is celebrated every 25 years


When is titanium jubilee celebrated?

A silver jubilee is 25yrs.


How many kings and queens of England have had a jubilee?

George III celebrated a Jubilee after 50 years on the throne in 1809.Queen Victoria celebrated a Golden Jubilee in 1887 and a Diamond Jubilee in 1897.Queen Elizabeth II celebrated her Silver Jubilee in 1977 and her Golden Jubilee in 2002.Queen Elizabeth II celebrated her Diamond Jubilee in June 2012 .In 4 years time Queen Elizabeth will become the longest reigning monarch in British history.


If 75th jubilee is platinum jubilee what is 125th jubilee called?

The 125th jubilee is called a quasquicentennial jubilee. Jubilee is an anniversary of an event usually celebrated during the 25th, 50th, or 75th year.


Who had her diamond jubilee in 1897?

Queen Victoria.in 1897 queen Victoria celebrated her diamond jubilee.


Has the queen celabrated her golden jubilee and when did she do that?

Queen Elizabeth II celebrated her Golden Jubilee in July 2002.


When was european union golden jubilee celebrated?

2006


What colour was Queen Victoria's Jubilee?

Queen Victoria celebrated 3 Jubilees. Having her Coronation in 1837, her Silver Jubilee was in 1862, her Golden Jubilee in 1887, and her Diamond Jubilee in 1897.


What is it celebrated diamond jubilee?

its for how long shes been on the throne


What country's queen celebrated her golden jubilee in 2002?

England.


When different type of jubilees celebrated?

The anniversaries marked as "Jubilees" are: 25 years - Silver jubilee 50 years - Golden Jubilee 60 years - Diamond Jubilee 70 years - Platinum Jubilee


Where was Queen Elizabeth II's Golden Jubilee held?

Buckingham Palace in the City of Westminister