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Noun: parsimony  'paar-su,mow-nee [N. Amer], paa-si-mu-nee [Brit]
  1. Extreme care in spending money; reluctance to spend money unnecessarily
    - parsimoniousness, thrift, penny-pinching
  2. Extreme stinginess
    - meanness, minginess, niggardliness, niggardness, parsimoniousness, tightness, tightfistedness, closeness

Derived forms: parsimonies

Type of: frugality, frugalness, stinginess [informal]

Encyclopedia: Parsimony