parsimony

Meaning

Noun

• Great reluctance to spend money unnecessarily.
• The quality or characteristic of using the fewest resources or explanations to solve a problem.

Origin

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