See Also: parsimony(dictionary)

parsimony (iou)



parsimony noun. LME.
[Latin parsimonia, parci-, from pars- pa. ppl stem of parcere refrain, spare: see -MONY.]
The careful or sparing use of money or other material resources. LME.
b. Stinginess, niggardliness. M16.
fig. Economy in the use of immaterial things; spec. in Psychology, the principle that organisms tend towards economy of action in learning or in fulfilling their needs. M17.
b. In full law of parsimony. = OCCAM's razor. M19.