Parsimony definition

pärsə-mōnē
Unusual or excessive frugality; extreme economy or stinginess.
noun
7
1
Adoption of the simplest assumption in the formulation of a theory or in the interpretation of data, especially in accordance with the rule of Ockham's razor.
noun
7
2
A tendency to be over-careful in spending; unreasonable economy; stinginess.
noun
5
1
Parsimony is defined as extreme frugality or the use of extreme caution in spending money.

When you analyze every purchase and are very careful about spending even small amounts of money, this is an example of parsimony.

noun
0
0
Great reluctance to spend money unnecessarily.
noun
0
0
Advertisement
By analogy from (1), principle of using the least resources or explanations to solve a problem.
noun
0
0

Origin of parsimony

  • Middle English parcimony from Latin parsimōnia from parsus past participle of parcere to spare

    From American Heritage Dictionary of the English Language, 5th Edition

  • From Old French parsimonie, from Latin parsimōnia (“sparingness, frugality"), from parcere (“to be sparing").

    From Wiktionary