What Does Laylatul Baraat Mean?

What does “baraat” mean? What is Laylat-ul Baraat?

“Baraat” literally means rank, earmark, the official document given for concession and rewarding.
“Laylat-ul Baraat” is the 15th night of the month Shaban, the eighth month of the Islamic lunar calendar. It is one of the blessed three months (Shuhuru Thalatha).
It is narrated in the accurate narrations that Allah (swt) gives instructions to angels about the sustenances, lifetimes, deaths, richness, poverty and deeds of the creatures.