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parsimony

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noun par·si·mo·ny \ˈpär-sə-ˌmō-nē\

Simple Definition of parsimony

  • : the quality of being very unwilling to spend money

Full Definition of parsimony

  1. 1 a :  the quality of being careful with money or resources :  thrift b :  the quality or state of being stingy

  2. 2 :  economy in the use of means to an end; especially :  economy of explanation in conformity with Occam's razor

Examples of parsimony

  1. The charity was surprised by the parsimony of some larger corporations.

  2. <her parsimony was so extreme that she'd walk five miles to the store to save a few cents on gas>



Origin of parsimony

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


First Known Use: 15th century


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