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grand larceny

Grand larceny is a crime defined as larceny  of property worth more than the given state’s statutory requirement. The minimum property value for grand larceny often ranges between $100 and $1000. For example, in New York a person is guilty of grand larceny when they steal property with a value greater than $1,000.

Larceny of property with a value below the amount required to qualify as a grand larceny is known as a petit larceny . Grand larceny is generally considered a felony while petit larceny is generally considered a misdemeanor . 

[Last reviewed in January of 2023 by the Wex Definitions Team
]

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