Parsimony Definition
pärsə-mōnē
noun
A tendency to be over-careful in spending; unreasonable economy; stinginess.
Webster's New World
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.
American Heritage
Great reluctance to spend money unnecessarily.
Wiktionary
By analogy from (1), principle of using the least resources or explanations to solve a problem.
Wiktionary
Synonyms:
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
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From Old French parsimonie, from Latin parsimōnia (“sparingness, frugality"), from parcere (“to be sparing").
From Wiktionary
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