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noun

parsimony

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Parsimony (noun) means a strong unwillingness to spend money unless it is truly needed.

noun
1
A strong unwillingness to spend money unless it is truly needed.
2
The use of the smallest possible number of resources or explanations to solve something.
"We used three search heuristics, Bayesian inference, maximum likelihood, and maximum parsimony, to construct phylogenies from unique COI haplotypes and used default parameters for analyses unless otherwise noted." — Boyd A. Mori et al (2019)
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Etymology

From Middle English parcimonie, from Middle French parsimonie, from Latin parsimōnia (“frugality, sparingness”), from pars-, past participle stem of parcere (“to spare”), + -monia, suffix signifying action, state, or condition.

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Frequently asked questions

What is the meaning of parsimony?
"parsimony" (noun) means a strong unwillingness to spend money unless it is truly needed.
What is another word for parsimony?
Other words for "parsimony" include thrift, closeness, minginess, tightfistedness, parsimoniousness, tightness.
What is the opposite of parsimony?
The opposite of "parsimony" is bounty.
What are the different meanings of parsimony?
"parsimony" has 2 main meanings: 1. A strong unwillingness to spend money unless it is truly needed; 2. The use of the smallest possible number of resources or explanations to solve something.

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Definitions from Wiktionary, CC BY-SA 4.0 · etymology from Wiktionary