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Jubilee

/dʒˈubəˌli/
B2
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(noun) A special year of emancipation supposed to be observed every fifty years, when farming was temporarily stopped, certain houses and land which had been sold could be redeemed by the original owners or their relatives, and Hebrew slaves set free.

The queen's jubilee was celebrated with festivities.
The church held a jubilee to mark its anniversary.
CEFR Practice Quiz
The city held a grand ____ to celebrate its 100th anniversary, with parades and several concerts.

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