What are the ramifications of "Vekidashtem"?
Rashi: When the year begins, 1 Beis-Din announce 'Mekudeshes ha'Shanah!'
Sifsei Chachamim: And not on Yom Kipur.
How do we reconcile this Pasuk, which implies that Yovel commences on Yom Kipur with the previous Pasuk, which implies that it commences on Rosh Hashanah?
Rosh Hashanah, 8b (citing R' Yishnael b'no shel R. Yochanan ben Berokah): On Rosh Hashanah the Avadim downed tools, and their erstwhile masters arranged parties for them, and on Yom Kipur, they released them.
What are the ramifications of "u'Kerasem D'ror"?
Rashi: It is an announcement of freedom 1 for all Avadim Ivrim, both those who have not yet served six years and those who have had their ears pierced.
Ramban (according to Kabalah): It is a Lashon of 'Dor' (generation). 2 And by the same token - 'it will return to his roots (with reference to "Yovel" in Pasuk 11).
And what are the connotations of the word "le'Chol Yoshvehah"
Rashi (in Megilah, 14b): It teaches us that Yovel only applies when all its inhabitants 1 are in Eretz Yisrael, but not when some of them are in Galus.
With reference to all twelve tribes (See Torah Temimah).
What are the connotations of the words "Yovel Hi"?
Ramban: As in Yehoshua, 6:4 & 5. See Ramban's objections to this explanation, DH 'Yovel Hi' and 've'Chol Zeh'.
See also Ibn Ezra in Yisro, 19:13 ( Peirush Avi Ezri on the Ibn Ezra).
Ramban: In tandem with the continuation of the Pasuk "Veshavtem Ish el Achuzaso ... " - the Torah calls it 'Yovel' because everyone is free to go and live wherever he wants. See also Peirush Avi Ezri (on the Ibn Ezra).
What are the implications of "ve'Shavten Ish el Achuzaso"?
Rashi and Rashbam: It implies that his fields are returned to him. 1
Sifsei Chachamim: Because, when a man's field is returned to him, it is as if he returns to his field.
And what does the phrase "ve'Ish el Mishpachto Tashuvu" teach us?
Rashi: It teaches us that a 'Nirtza' (an Eved Ivri who had his ear pierced) returns to his family in the Yovel.
Rashbam: It teaches us that all Avadim Ivrim go free in the Yovel, without having to compensate their masters.