Definition of parsimony
1a
: the quality of being careful with money or resources : thrift
the necessity of wartime parsimony
b
: the quality or state of being stingy
The charity was surprised by the parsimony of some larger corporations.
2
: economy in the use of means to an end
especially
: economy of explanation in conformity with Occam's razor
the scientific law of parsimony dictates that any example of animal behavior should be interpreted at its simplest, most immediate level — Peter Gorner
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Merriam-Webster unabridged
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Time Traveler for parsimony
The first known use of parsimony was in the 15th century
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