what is petit larceny

Petit larceny, also known as petty larceny, is a term used to describe thefts where the value of the property taken is low. It is generally a misdemeanor and is punishable by fines or a relatively short jail sentence, typically less than one year. The specific dollar amount that differentiates petit larceny from grand larceny varies by state, but it often involves property with a value of less than $500