Source : Webster's Revised Unabridged Dictionary (1913)

Penurious \Pe*nu"ri*ous\, a. [From {Penury}.]
   1. Excessively sparing in the use of money; sordid; stingy;
      miserly. ``A penurious niggard of his wealth.'' --Milton.

   2. Not bountiful or liberal; scanty.

            Here creeps along a poor, penurious stream. --C.
                                                  Pitt.

   3. Destitute of money; suffering extreme want. [Obs.] ``My
      penurious band.'' --Shak.

   Syn: Avaricious; covetous; parsimonious; miserly; niggardly;
        stingy. See {Avaricious}. --{Pe*nu"ri*ous*ly}, adv. --
        {Pe*nu"ri*ous*ness}, n.

Source : WordNet®

penurious
     adj 1: not having enough money to pay for necessities [syn: {hard
            up}, {impecunious}, {in straitened circumstances(p)},
            {penniless}, {pinched}]
     2: excessively unwilling to spend; "parsimonious thrift
        relieved by few generous impulses"; "lived in a most
        penurious manner--denying himself every indulgence" [syn:
        {parsimonious}]