What is Grand Larceny?

Legal Definition
Larceny (theft) of property that is worth more than some amount set by statute. The minimum property value for grand larceny often ranges between $100 and $500.

See Petit larceny (contrast).
Legal Definition
the term that is used to describe the theft of a large sum of money that is greater than a set amount.
Legal Definition
In criminal law. In England, simple larceny, was originally divided into two sorts,--grand larceny, where the value of the goods stolen was abave twelve pence, and petit larceny, where their value was equal to or below that sum. 4 Bl. Comm. 229. The distinction was abolished in England by St. 7 & 8 Geo. IV. c. 29, and is not generally recognized in the United States, although in a few states there is a statutory offence of grand larceny, one essential element of which is the value of the goods stolen, which value varies from $7 in Vermont to $50 in California. See State v. Bean, 74 Vt 111, 52 Atl. 269; Fallon v. People, 2 Keyes (N. Y.) 147; People v. Murray, 8 Cal. 520; State v. Kennedy, 88 Mo. 343.
-- Black's Law Dictionary
Legal Definition
A larceny of goods of greater value than twelve pence, at common law (see 13 Wash. 584, 43 Pac. 881); but statutes of many states fix the value at $50, and some include in the offence aggravated larceny and larceny of certain named chattels.
-- Ballentine's Law Dictionary