Definition
Petit larceny (also called petty larceny) is the legal term for a minor theft, involving property of relatively low value. Think of it as the opposite of grand larceny; itβs like shoplifting a small item or stealing something not worth much. The value threshold defining petit larceny varies by jurisdiction, but it's always less than the grand larceny threshold. Penalties are typically less severe, often involving fines or short jail sentences. It's about the small stuff, the things that might be annoying to lose but don't represent a major financial hit.