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Larceny is what most people think of as common theft the taking of someone else's property without the use of force. The meaning of LARCENY is the unlawful taking of personal property with intent to deprive the rightful owner of it permanently.Larceny is a crime involving the unlawful taking or theft of the personal property of another person or business. Larceny is a crime involving the taking of property with the intent of permanently denying the owner of that property or asset. Larceny, in criminal law, the trespassory taking and carrying away of personal goods from the possession of another with intent to steal. The term is more narrowly defined as the theft of personal property capable of being possessed and carried away. The wrongful taking of someone's property or goods, removing them from their owner's posession with intent to convert them to the taker's own use. Larceny is the legal term for stealing. Larceny is defined as the wrongful taking of someone else's property with the intent of permanently depriving the owner of the property. He now faces two to 20 years in prison on grand larceny charges.