What is the term used for theft that involves stealing property worth more than a specified amount?

The term for theft involving property worth more than a specified amount is referred to as Grand Theft. This designation typically signifies that the value of the stolen property surpasses a predetermined monetary threshold, which varies by jurisdiction. In many areas, if the value of the stolen goods exceeds that threshold, the crime is treated more seriously and classified as a felony, rather than a misdemeanor.

Grand Theft is significant because it often carries harsher penalties, reflecting the greater impact of stealing more valuable items. The legal system categorizes crimes based on their severity, and the financial value of the property involved is a critical factor in this classification.

In contrast, Petty Theft generally refers to the theft of items that are below the value threshold set forth in the laws of that jurisdiction. Theft/Larceny is a broader term that encompasses both petty and grand theft but does not specify the value involved. Concealing stolen property pertains to the act of hiding property that one knows to be stolen, rather than the act of theft itself. Hence, Grand Theft is the correct term for theft of high-value property.