Main Entry:

par·si·mo·ny

Pronunciation:

\ˈpär-sə-ˌmō-nē\

Function:

noun

Etymology:

Middle English parcimony, from Latin parsimonia, from parsus, past participle of parcere to spare

Date:

15th century

1 a: the quality of being careful with money or resources : thrift b: the quality or state of being stingy2: economy in the use of means to an end ; especially : economy of explanation in conformity with Occam's razor