Source : Webster's Revised Unabridged Dictionary (1913)

Frugality \Fru*gal"i*ty\, n.; pl. {Frugalities}. [L. frugalitas:
   cf. F. frugalit['e].]
   1. The quality of being frugal; prudent economy; that careful
      management of anything valuable which expends nothing
      unnecessarily, and applies what is used to a profitable
      purpose; thrift; --- opposed to extravagance.

            Frugality is founded on the principle that all
            riches have limits.                   --Burke.

   2. A sparing use; sparingness; as, frugality of praise.

   Syn: Economy; parsimony. See {Economy}.

Source : WordNet®

frugality
     n : prudence in avoiding waste [syn: {frugalness}]