1) release from bondage or imprisonment
2) forgiveness or pardon, of sins (letting them go as if they had never been committed), remission of the penalty
Part of Speech: noun feminine
Citing in TDNT: 1:509, 88
From G863; freedom; (figuratively) pardon: - deliverance, forgiveness, liberty, remission.
These two sites give similar information, with the definition from several dictionaries and statistics on the use of the word.
Perseus Digital Library
University of Chicago's Logion lexicon
Thayer's dictionary plus other information.
From this site's dictionary (in Italian)
Click on the first column to search for that word as a form of the root ἄφεσις; click on the second column to search for that grammatical form of the root ἄφεσις; click on the third column to search for that word and grammatical form; click on the total to search for the root ἄφεσις.