Source : Webster's Revised Unabridged Dictionary (1913)

Parsimony \Par"si*mo*ny\, n. [L. parsimonia, parcimonia; cf.
   parcere to spare, parsus sparing: cf. F. parcimonie.]
   Closeness or sparingness in the expenditure of money; --
   generally in a bad sense; excessive frugality; niggardliness.
   --Bacon.

         Awful parsimony presided generally at the table.
                                                  --Thackeray.

   Syn: Economy; frugality; illiberality; covetousness;
        closeness; stinginess. See {Economy}.

Source : WordNet®

parsimony
     n 1: extreme care in spending money; reluctance to spend money
          unnecessarily [syn: {parsimoniousness}, {thrift}, {penny-pinching}]
     2: extreme stinginess [syn: {meanness}, {minginess}, {niggardliness},
         {niggardness}, {parsimoniousness}, {tightness}, {tightfistedness},
         {closeness}]