A more thorough explanation:

Grand larceny is a serious crime that involves stealing property that is worth more than a certain amount set by the state. This amount can range from $100 to $1000 depending on the state. For example, in New York, grand larceny is committed when someone steals property worth more than $1,000.

If someone steals property that is worth less than the amount set by the state, it is called petit larceny. Petit larceny is considered a less serious crime than grand larceny and is usually classified as a misdemeanor.

• Stealing a car worth $15,000 is an example of grand larceny.
• Shoplifting a pair of shoes worth $50 is an example of petit larceny.
• Breaking into a house and stealing jewelry worth $2,500 is an example of grand larceny.

These examples illustrate the definition of grand larceny because they involve stealing property that is worth more than the amount set by the state. In the first example, stealing a car worth $15,000 is considered grand larceny because it exceeds the minimum amount set by the state. In the second example, shoplifting a pair of shoes worth $50 is considered petit larceny because it is below the minimum amount set by the state. In the third example, breaking into a house and stealing jewelry worth $2,500 is considered grand larceny because it exceeds the minimum amount set by the state.