n.
Pronunciation: ' pär-s ə - ˌ m ō -n ē
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 stingy
2 : economy in the use of means to an end especially : economy of explanation in conformity with Occam's razor