(1) The forgiveness of a debt (shemiTTah (Deuteronomy 15:1,2,9; 31:10; see JUBILEE YEAR)), with verb shamaT, "to release," Deuteronomy 31:2,3. (2) To exempt from taxation or military service (hanachah, "release," "rest" (Esther 2:18)). Some would render "granted a holiday." (3) To set a prisoner or slave at liberty (apoluo, "to let go free" (Matthew 27:15 parallel John 19:10), etc.).

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Bibliography Information
Orr, James, M.A., D.D. General Editor. "Entry for 'RELEASE'". "International Standard Bible Encyclopedia". 1915.