Definition of parsimony

competent Definition: (adjective) having the skill and knowledge needed for a particular task; capable Petersons.com

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< parsimonious

parsley >

par·si·mo·ny    (pärs-mn) KEY  

NOUN:

1. Unusual or excessive frugality; extreme economy or stinginess.
2. 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.

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

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