Final answer:
Grand theft is typically defined by the theft of property or money exceeding a certain value. In some jurisdictions, this value is $950. It's essential to check current local laws for the exact definitions as they can vary.
Step-by-step explanation:
The query relates to the legal definition of grand theft, which is a crime involving the theft of property or money. In the context of the question, we are looking to identify the value threshold that defines theft as grand theft. Although the definition of grand theft can vary between jurisdictions, one common threshold used in several states is a value exceeding $950. If the value of the money, labor, or real or personal property taken exceeds this amount, the theft is typically classified as grand theft.
It is important to note that the specific value may differ by state or country, and over time due to changes in the law. Therefore, it's always advisable to consult the current laws in the respective jurisdiction to get the most up-to-date information on what constitutes grand theft.