UK Accounting Glossary
the act of taking something from someone unlawfully.
The act of stealing property.
Theft is an unlawful felonious taking away of another man’s movable and personal goods, against the will of the owner.
Whosoever intending to take dishonesty any movable property out of the possession of any person without that person’s consent, moves such property in order to such taking is said to commit theft. A thing, so long as it is attached to the earth, not being movable property, is not the subject of theft but it becomes capable of being the subject of theft as soon as it is severed from the earth. A moving affected by the same act which affects the severance may be a theft. A person is said to cause a thing to move by removing an obstacle which prevented it from moving, or by separating it from any other thing, as well as by actually moving it. A person, who by any means causes an animal to move, is said to move the animal, and to move everything which, in consequences of the motion so caused, is moved by that animal. The consent mentioned in the definition may be expressed or implied and may be given either by the person in possession or by any person having for that purpose authority either express or implied.
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This glossary post was last updated: 18th March 2020.