Definition of parsimony

Reference

par·si·mo·ny

(pär

-m

) KEY

NOUN:

Unusual or excessive frugality; extreme economy or stinginess.
Adoption of the simplest assumption in the formulation of a theory or in the interpretation of data, especially in accordance with the rule of Ockham's razor.

ETYMOLOGY:
Middle English parcimony, from Latin parsimnia, from parsus, past participle of parcere, to spare

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