'Remission' in the Bible
“At the end of every seven years you shall grant a remission of debts.
This is the way to conduct remission: every creditor must cancel the loan that his friend borrowed, and he must not pressure his friend or brother to repay it, because remission to the LORD will be proclaimed.
Be careful not to think this wicked thought to yourselves: "The seventh year, the year of remission, is drawing near,' and you show ill will toward your poor relative and not give to him. He may then call to the LORD on account of you, and you will be guilty of sin.
Then Moses commanded them, saying, “At the end of every seven years, at the time of the year of remission of debts, at the Feast of Booths,