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Grand Larceny
The crime of theft of another's property over a certain value set by state law (for example, $500). It is distinguished from petty (or petit) larceny, which is the theft of property that is lesser in value. Some states recognize only the crime of larceny, but have both misdemeanor larceny (punishable by imprisonment in a local jail and a fine) and felony larceny (punishable by state prison time).
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