'Cancellation' in the Bible

At the end of every seven years you must declare a cancellation of debts.

This is the nature of the cancellation: Every creditor must remit what he has loaned to another person; he must not force payment from his fellow Israelite, for it is to be recognized as "the Lord's cancellation of debts."

Be careful lest you entertain the wicked thought that the seventh year, the year of cancellation of debts, has almost arrived, and your attitude be wrong toward your impoverished fellow Israelite and you do not lend him anything; he will cry out to the Lord against you and you will be regarded as having sinned.

Moses commanded them, “At the end of every seven years, at the appointed time in the year of debt cancellation, during the Festival of Booths,

Now where there is [absolute] forgiveness and complete cancellation of the penalty of these things, there is no longer any offering [to be made to atone] for sin.