Larceny Legal Meaning and Definition

Here is a simplified definition of the legal term Larceny.

Larceny (noun): Larceny is a legal term that refers to the act of illegally taking another person's property without their permission, with the intent to permanently deprive the owner of its use. It is a criminal act and can be classified into two types: grand larceny, when the property's value is high, and petty larceny, when the value of the stolen property is relatively low.