What type of theft is characterized as Grand Larceny?

Grand Larceny is defined as the unlawful taking of someone else's property with a value that exceeds a certain threshold set by law, typically considered to be a felony offense. This classification of theft reflects the seriousness of the crime, as it involves more significant financial loss to the victim compared to lesser forms of theft. In many jurisdictions, the threshold for Grand Larceny usually pertains to values exceeding a specific dollar amount, which can vary from state to state.

Understanding this, Grand Larceny is distinct from Petit Larceny, which involves smaller amounts of stolen property, and from crimes like shoplifting, which are specific types of theft usually involving retail merchandise. Additionally, Grand Theft Auto typically focuses specifically on the theft of motor vehicles and may also be treated as a form of Grand Larceny depending on jurisdictional definitions. Thus, Grand Larceny embodies a broad category of theft characterized by high-value property, making it a significant matter in the criminal justice system.