What term defines the act of stealing an item with a specific value threshold of $300 or more?

The term that defines the act of stealing an item with a specific value threshold of $300 or more is grand theft. This classification typically applies when the stolen property meets or exceeds a value that is significant, distinguishing it from petty theft, which involves items of lower value. In many jurisdictions, grand theft is treated as a more serious crime and may carry harsher penalties, reflecting the greater financial impact of the crime and the intent behind stealing items of higher worth.

The difference in terminology also arises from legal definitions and thresholds that vary by state but often cite amounts such as $300 for distinguishing between the two levels of theft. This delineation helps law enforcement and legal systems categorize and handle theft offenses appropriately based on the value of the stolen goods, thus emphasizing the severity of the crime when significant property is involved.